An exploratory well in the area of Dera Ismail Khan led to the discovery of fresh gas and condensate reserves by the energy ministry.
The government released a statement stating that the discovery was made in conjunction with private partners.
According to the statement, the reserves were found from an exploration well called 92 Kot Palak-1, which is situated in the frontier region of Dera (FR).
“The ministry of energy, Petroleum Division, is pleased to announce that the joint venture of Baska North Block (3169-4) comprising Al-Haj Enterprises (Pvt) Ltd as the operator (10.85pc), Al-Haj Pakistan Kirthar B.V (85pc) and the Government Holdings (Private) Ltd (4.15pc) have discovered gas and condensate from an exploratory well, namely 92 Kot Palak-1, which is located in the Frontier Region of Dera Ismail Khan, Khyber Pakhtunkhwa,” the ministry’s statement said.
The well was dug to a depth of 3,527 meters, and as a consequence of the drilling, prospective hydrocarbon-bearing zones were discovered, revealing reserves of 32.8 barrels of water per day, 1,840 barrels of condensate, and 39.12 million standard cubic feet of gas per day.
The discovery would help close the energy supply and demand gap using domestic resources, reduce the country’s dependency on oil and gas imports, and expand its hydrocarbon reserve base, according to the statement.
According to the declaration, the exploratory well was spudded on May 7, 2022, and on November 18, 2022, it was drilled all the way to a depth of 3,527 meters.
On June 26 of this year, the state-owned Oil and Gas Development Company Limited (OGDCL) began exploring the oil and gas reserves.
The announcement from the energy ministry ended, “This is the 15th oil and gas discovery during the current calendar year.”
To read our blog on “For the first time, Mari Petroleum discovers gas and oil reserves in North Waziristan,” click here.
