ISLAMABAD: Ministry of Energy in collaboration with private partners has explored new reserves of gas and condensate from an exploratory well in Dera Ismail Khan, Khyber Pakhtunkhwa.             

Well was drilled down to depth of 3,527 meters and as result of drilling, potential hydrocarbon bearing zones were identified showing reserves of 39.12 million standard cubic feet per day gas, 1,840 barrels of condensate per day and 32.8 barrels of water per day.         

Discovery will positively contribute to mitigating energy demand and supply gap from indigenous resources, less reliance on imports of oil and gas and will add to hydrocarbon reserves base of country. This is 15th oil and gas discovery during current calendar year.

Published in The Daily National Courier, December, 28 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.