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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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.
Roll back estimates when audit and annual reports are done.
Alhamdolillah. Very good news which finds no mention on our shrieking media.