Oil and Gas dicovered in Khyber Pakhtunkhwa

[ameer219]

More oil and gas discovered in Khyber Pakhtunkhwa

http://www.brecorder.com/news/fuel-...ed-in-khyber-pakhtunkhwa.htmlpakhtunkhwa.html

RECORDER REPORT

Business Recorder Logo ISLAMABAD (November 06, 2010) : MOL Pakistan has hit a major discovery of oil and gas in Makori east in its Tal block in Kohat district of Khyber Pakhtunkhawa. Initial reports on discovery have confirmed a big reservoir of oil and gas in Makori east in Tal block, but its exact pressure, size and quantity would be reported to director general petroleum concessions of the Ministry of Petroleum once its testing is completed and commercial viability is confirmed in due course of time.

This is an important discovery, which will contribute significantly to Pakistan oil and gas production, said the sources. MOL Pakistan is among those lucky oil and gas exploration and production companies, which have got extremely potential area for oil and gas exploration. Since the allotment of Tal block, it has hit a number of exploratory wells in this block. In recent years, Tal block of MOL Pakistan contributed in a big way by keeping Pakistan oil and gas production at a reasonable level.

MOL Pakistan is an operator for Tal block with 10 percent shareholding. Its other partners are Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Pakistan Oil Field (POL). Flaring-up of the gas has started at the block and its initial reports have confirmed it as a big discovery. MOL Pakistan' country chief also arranged a party at his residence in Islamabad to celebrate the discovery.

Copyright Business Recorder, 2010

 

[Hyde]

Great news, awesome, wonderful!!!

the small wells are being found from number of locations but we are yet to see any respectable amount of Oil reserves anywhere in Pakistan. I bet when the total reserves of oil in this oilfield are announced, its production capacity wouldn't be more than 4000 barrels per day

 

[mughaljee]

 

[flameboard]

watch it get sold for less than its worth and we wont get a penny of it

 

[nForce]

watch it get sold for less than its worth and we wont get a penny of it

We??Which country do you exactly belong to??

@ topic..nice development..It will help Pakistan reduce atleast some of its energy troubles...

 

[StingRoy]

It all boils down to how much quantity is found because if the total quantities are not sustainable for the amount of investment needed to profitably extract crude, then it wont be beneficial at all. Hope the quantities are significant and more can be found nearby.

 

[S_O_C_O_M]

Pakistan could be sitting on the largest oil reserve in the world.

 

[Markus]

If true, this is both good news and bad news.

Good news bcoz it will help meet energy needs and earn foreign exchange.

Bad news bcoz this will attract more American influence.

"Bees are where the honey is" and for the Americans oil is nothing short of honey.

 

[nForce]

Pakistan could be sitting on the largest oil reserve in the world.

Pakistan should try finding it then...It might change the equation of International relations entirely.Pakistan could be next Saudi Arabia.

 

[S_O_C_O_M]

 

[DESERT FIGHTER]

So when is mr 10% selling it to foriegn company ? like he did with the multi billion $ gold mines of reko diq?

 

[AUz]

Who will develop that reserves??? No infrastructure and skilled manpower.Foreign companies will suck the project upto last drop.But we need investments in such projects..What we can do

 

[StingRoy]

Forget gas and oil... move to alternative sources... by the time new sources are discovered and refineries setup... the world would have started moving towards more effective and cost-effective alternative sources.

 

[DESERT FIGHTER]

Forget gas and oil... move to alternative sources... by the time new sources are discovered and refineries setup... the world would have started moving towards more effective and cost-effective alternative sources.

Not in the near future..... also this bloody govt. should make use of the worlds biggest coal reserves rottin in sindh! and minerals in balouchistan............. there is a video showing oil comming out of rocks in D.I.K..... mofos should wake up and utilizeeeeeeeeee Gods gifts.

 

[StingRoy]

Gods gifts are thing of the past... oil and gas have been the start of many wars... forget it and move on... The more you have the more you attract the wrath of the Americans ...

Jokes apart... I sure hope the findings are credible and some national companies are involved in its extraction instead of involving foreign companies.