Oil explorers: OGDC discovers new gas reserves in Balochistan

Published: December 22, 2012
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Preliminary assessment showed an estimated reserves of about 1.06 trillion cubic feet.
 PHOTO: FILE

Preliminary assessment showed an estimated reserves of about 1.06 trillion cubic feet. PHOTO: FILE

ISLAMABAD: 

The Oil and Gas Development Company (OGDC), operator of Zin exploration licence, together with joint-venture partner Government Holdings Private Limited (GHPL) discovered a gas reservoir bearing zone from its well Zin SML-I located in District Dera Bugti of Balochistan.

According to the press statement issued, OGDC’s managing director broke the news to Dr Asim Hussain, Adviser to the Prime Minister on Petroleum and Natural Resources on Friday.

Hussain, while congratulating the OGDC and GHPL, said that the government was providing substantial incentives to the oil and gas exploration companies. He further said that roadshows held in USA and UK were successful in attracting foreign oil and gas exploration companies.

OGDC’s managing director briefed Hussain that preliminary assessment showed an estimated reserves of about 1.06 trillion cubic feet, which will be confirmed by further appraisal wells.

Published in The Express Tribune, December 22nd, 2012.

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Reader Comments (3)

  • Ajamal
    Dec 22, 2012 - 5:17PM

    Alhamdolillah. Very good news which finds no mention on our shrieking media.

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  • Kosher Nostra
    Dec 22, 2012 - 8:55PM

    Roll back estimates when audit and annual reports are done.

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  • Dec 22, 2012 - 9:52PM

    1.06 tcf is just 1/29 of Pakistan’s remaining reserves. Also it will be years before the field is developed and the gas starts flowing. So nothing to be excited about.

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