Huge oil and gas discovery made in KP as a big achievement

[Shahzaz ud din]

Huge oil and gas discovery made in KP as a big achievement
28 Apr, 2018

SHARES

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*PESHAWAR: The Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) in collaboration with Oil and Gas Development Company Limited (OGDCL) have announced completion of work on the Baratai Well.*

A press release said the well has the capacity of 30 million cubic feet per day (MMCFD) of gas and 700 barrels crude oil.

READ MORE: Pakistan Cup: Federal Area beat KP by 114 runs in Faisalabad
With an aim to tap natural resources, it said the KPOGCL chief executive Raziuddin signed an agreement with OGDCL for work in the Baratai Block. It added that seismic data was acquired, processed and interpreted by the mutual working of KPOGCL and OGDCL technical teams.

“After several technical meetings, workshops and seismic reinterpretation, drilling was started on May 24, 2017.

READ MORE: NAB summons KP CM Prevaiz Khattak
The well was drilled to a depth of 5,014 meters in a record time of 199 days,” the press release added. Raziuddin said that Baratai discovery was a landmark achievement. He pointed out that KPOGCL is the first provincial company to start its production.

 

[Zuraib Qasit Khan]

Thank god Indian ,RAW ,CIA & American agents like Sharif Mafia, Nawaz Sharif
& Bhuttos & Zardaris didnt get their Hands on this ,

I hope a good leadership of PTI & JUI ,JUI-S .
Will make good use of it for development of Pakistan & Pakistanis ,

Not to enrich Darbar & Mahals of Sharifs ,Zaradaris ,Bhuttos .

 

[Chakar The Great]

We keep hearing these news of " massive discoveries" , the question is when will people benefit from such discoveries.

 

[Imran Khan]

We keep hearing these news of " massive discoveries" , the question is when will people benefit from such discoveries.

pakistani market is very big sir these are not enough to cover paksitan .

 

[kabooter_maila]

Huge oil and gas discovery made in KP as a big achievement
28 Apr, 2018

SHARES

• 

*PESHAWAR: The Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) in collaboration with Oil and Gas Development Company Limited (OGDCL) have announced completion of work on the Baratai Well.*

A press release said the well has the capacity of 30 million cubic feet per day (MMCFD) of gas and 700 barrels crude oil.

READ MORE: Pakistan Cup: Federal Area beat KP by 114 runs in Faisalabad
With an aim to tap natural resources, it said the KPOGCL chief executive Raziuddin signed an agreement with OGDCL for work in the Baratai Block. It added that seismic data was acquired, processed and interpreted by the mutual working of KPOGCL and OGDCL technical teams.

“After several technical meetings, workshops and seismic reinterpretation, drilling was started on May 24, 2017.

READ MORE: NAB summons KP CM Prevaiz Khattak
The well was drilled to a depth of 5,014 meters in a record time of 199 days,” the press release added. Raziuddin said that Baratai discovery was a landmark achievement. He pointed out that KPOGCL is the first provincial company to start its production.

Huge? 700 barrels crude oil per day? Poster might not be in his good senses while posting this sh!t.

 

[ziaulislam]

Huge? 700 barrels crude oil per day? Poster might not be in his good senses while posting this sh!t.

Its just a single well the block production will be higher
In last 5 years production doubled to 100,000 barrels from 50,000

 

[CHACHA"G"]

Just take out that huge word............... But this one is bigger then last few (200 to 700bpd) ........ We need 100 more of them to have a huge impact on economy............. lol

 

[ziaulislam]

Just take out that huge word............... But this one is bigger then last few (200 to 700bpd) ........ We need 100 more of them to have a huge impact on economy............. lol

production of oil doubling in just 4 years is a huge impact..this is despite the fact that federal govt suspended giving any new blocks due to differences with KPK govt..all new oil is coming from kpk areas..estimates is that production can easily triple in next 5 years if investment is done(blocks allowed, co operate tax brought down from highest 33%, it was ~40% highest in the world)

 

[Samlee]

production of oil doubling in just 4 years is a huge impact..this is despite the fact that federal govt suspended giving any new blocks due to differences with KPK govt..all new oil is coming from kpk areas..estimates is that production can easily triple in next 5 years if investment is done(blocks allowed, co operate tax brought down from highest 33%, it was ~40% highest in the world)

Tax On Oil Companies Was Even Higher.You Know That Oil Companies Are Subject To A Higher Rate Of Corporate Tax

 

[MZ-PDF]

Wow

 

[Samlee]

Huge oil and gas discovery made in KP as a big achievement
28 Apr, 2018

SHARES

• 

*PESHAWAR: The Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) in collaboration with Oil and Gas Development Company Limited (OGDCL) have announced completion of work on the Baratai Well.*

A press release said the well has the capacity of 30 million cubic feet per day (MMCFD) of gas and 700 barrels crude oil.

READ MORE: Pakistan Cup: Federal Area beat KP by 114 runs in Faisalabad
With an aim to tap natural resources, it said the KPOGCL chief executive Raziuddin signed an agreement with OGDCL for work in the Baratai Block. It added that seismic data was acquired, processed and interpreted by the mutual working of KPOGCL and OGDCL technical teams.

“After several technical meetings, workshops and seismic reinterpretation, drilling was started on May 24, 2017.

READ MORE: NAB summons KP CM Prevaiz Khattak
The well was drilled to a depth of 5,014 meters in a record time of 199 days,” the press release added. Raziuddin said that Baratai discovery was a landmark achievement. He pointed out that KPOGCL is the first provincial company to start its production.

This Looks To Be Old News

https://profit.pakistantoday.com.pk...ry-in-baratai-block-kohat-khyber-pakhtunkhwa/

Or Maybe A New Well May Have Been Drilled

 

[ziaulislam]

Tax On Oil Companies Was Even Higher.You Know That Oil Companies Are Subject To A Higher Rate Of Corporate Tax

and hence no growth...

co operate taxes need to come down to world average of developing countries 20% from current 30-33% otherwise dont expect growth...

current economic team after exist of dar is good, PPPP will be a disaster while PTI i have no idea what they are planning..

 

[Qutb-ud-din Aybak]

KPOGCL is a corrupt organization. They are just here to fool people.

 

[Zuraib Qasit Khan]

KPOGCL is a corrupt organization. They are just here to fool people.

It must be taken over by Army run , Public owned Organization

 

[Qutb-ud-din Aybak]

It must be taken over by Army run , Public owned Organization

Pakistan armed forces dont run businesses. Its retired soldiers who do it.