The discovery was made in the Khirtar Fold Belt region close to the ENI-operated Bhit gas processing facility, the company said in a statement.
ENI said it "confirms the presence of significant exploration potential that can be exploited through the application of new geological models."
The company said it had begun talks with Pakistani authorities on creating a joint venture, adding that it would "help to reduce the national gas deficit."
ENI has been in Pakistan since 2000 and is the country's largest producer, with average production of 54,800 barrels of oil equivalent per day in 2011.
COMMENTS (47)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
1714129906-0/Clint-Eastwood-(1)1714129906-0-270x192.webp)
pakistan have alot of reserves and natural resources ALHAMDOLILLAH but we no need now, we are waiting for TIPU SULTAN.
Somebody arrange to help immigrate to Pakistan..though it can be illegal means..something comes naturally to me..
Buy Engro.
Great achievement ,I more appreciate if GOP award this block to our indigenous companies along with financial support , even in this situation we need energy .
how come ENI is the biggest producer in Pakistan?
Heartening to see hydrocarbon discoveries happening in what is sometimes considered a mature play. It would be interesting to know whether the work leading up to the discovery was carried out by ENI's offices in Pakistan or by their regional/global teams. That will be an indication of the skill levels offered by Explorationists within the country - a direct signal to other Oil & Gas operators interested in investing.
may Allah bless Pakistan with honest leadership..This country is blessed with excellent natural resources and brilliant minds...just need a honest leadership......This country is the leader of the Islamic world and Inshallah Pakistanis will prove this .....Inshallah
@Suffan: Just to correct your facts, Bhit Gas field is designed at 320MMSCFD & is currently operating in excess of 340MMSCFD. This meets around 60% requirement of Karachi. Considering the depleting reservoirs it is indeed a major discovery for Pakistan.
Now, will the OGRA chief be removed and replaced with someone who didn't get the position by bidding on it, like an auction (last I heard was the position went for 75 Crore)? Or will it be business as usual?
@antanu g
You must watch this video, Delhi-Agra Yamuna expressway to relieve you of your ignorance
http://www.youtube.com/watch?v=TsXXk4qaRnQ&feature=related
@antanu g @Liberal: in india 350 kms means 10 hrs drive.
Yes because more than 1 person can afford cars
6.5 billion cubic feet per day is 2012 daily requirement of gas in Pakistan.So this discovery of gas is worth about 50 day gas demand of Pakistan
Great. Now build a gas fired multiple units combined cycle power plant on site with infrastructure.
After eleven years this news. And at a sensitive juncture like nowadays? This is another dampener on our emotions to cool down. Sorry, I don't buy it.
Our bureaucrats, businessmen, and waderas must be next on the chopping block. This is a surprise for the feeble minded and is no shocker for me. Salams
I give this news some weight because it's source is AFP.
@Zalim Singh Yes, and Pakistan can never be as rich, developed, free of violence,prosperous and 'land of milk & honey' as India is !!!!
there are alot of natural resources in Pakistan but still we have all sort of shortages
small discovery.. qadirpur gas reserve is 4 TCF.. and sui had 12 TCF.. each producing around 500 mmscf per day.. this gas field give us around 50 to 80 mmscf.. our total requirement per day is 4.5 bcf... and we producing 3.8 bcf... that discovery take us to 3.9 bcf..
Pakistanis, do not celebrate. Nigeria has oil. But is a very poor country.
It only proves that science and technology can help every country. We have to benefit from all the knowledge and expertise available in today's world. Pakistan is in the region which is rich in oil and gas and there is only need for exploration and investment. WMD and bombs cannot help create jobs and produce power. Investment in education and exploration could uplift the entire population irrespective of who is ruling the country. True economic progress always outpaces and overtakes the usual problems of corruption (as happened in China and India) and mismanagement. Let us open the country for new investment and trade.
Wah !!!!!! It is a major, major discovery in this region. Congratulations to Pakistan.
Dear ET 350KM is not near .. it is a 4 hour drive from Karachi ..
Shouldn't we Pakistanis boycott this European company since Europe is also involved in publishing cartoons of the Holy Prophet (PBUH). Shouldn't we tell them that we don't need gas discovered by you. We will only take gas from our local companies like OGDC, PPL and POL. Lets boycott this company and its gas!
Real question is....how long will it take to develop this? What will be the net affect on people's life once developed? From a layman's perspective how much 300-400 bn cubic feet gas really is???
Good news :)
Now Load shedding khatam ??!!
That's great NEWS, Masha Allah!!
Kudos to ENI - demonstrates the value of international investors.
Aah well..! another head for some unprecedented commissions, exploitation and a whole lot of corruption.
I would wish these sites remain hidden till there is a sensible and a credible government in this country that can make full and a transparent use of these rare precious national treasures.
Sheikh Gabbar :) Also it will be extracted using a - probably - Christian technology.
If your nation is sick it cannot consume the blessings of Allah it is called Azab e Ilahi.
Geologists always on top............! Congrats to the complete team of geologists if Eni who included in this great discovery.
@Sheikh Gabbar: Geologists always on top......! Congrats the complete team of geologists who included in this Discovery.
@Sheikh Gabbar: Good One :)
Excellent news. Just needed to see which local joint will venture this. Whoever does it I hope happen to be next energy giant of Pakistan.
Great news! All we need is a honest and sincere leadership!
Good news.
This is a reward Allah (SAW) has given to the Pakistani nation for defending the prestige of the Prophet (PBUH). That it was discovered by Italian Ctholic Christains is a minor issue