Ministry sets up shale gas and oil centre

Consortium of OGDC and PPL is being formed to undertake pilot project(s) to determine the cost


APP June 21, 2017
PHOTO: REUTERS

ISLAMABAD: The Ministry of Petroleum and Natural Resources has established a shale gas and oil centre to facilitate interested exploration and production (E&P) companies in tapping the recently identified 188 trillion cubic feet of gas and 58 billion stock tank barrels of oil resources in the lower and middle Indus Basin.

“A dedicated shale gas and oil centre has been established at the Petroleum House, which is now open for all interested E&P companies,” official sources told APP. They termed the identification of massive shale reserves a game changer and future source for abundant supply of petroleum in the country. A study, completed in collaboration with USAID, had confirmed presence of 3,778 trillion cubic feet (TCF) of shale gas and 2,323 billion stock tank barrels of shale oil. Answering a question, the sources said a consortium of OGDC and PPL is being formed to undertake pilot project(s) to determine the cost of extracting shale gas and oil.

Published in The Express Tribune, June 21st, 2017.

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