Dr Asim Hussain, Minister for Petroleum and Natural Resources, has expressed confidence that the new Petroleum (Exploration & Production) Policy 2012 provides significant incentives to Exploration and Production (E&P) Companies, operating in Pakistan's oil and gas sector adding that E&P companies must take advantage of incentives offered in the new policy.
For bridging the prevailing demand and supply gap, the E&P companies have been successful in discovering new hydrocarbon reserves for enhancing indigenous production during 2012.
United Energy Pakistan Ltd, has made discoveries in Badin blocks that included Gharo-1 oil and gas discovery in July, 2012 which is producing 520 barrels of oil per day (BOPD) and 0.03 million cubic feet per day (MMCFD) gas, Mohano-1 discovery in February, 2012 is producing 300 BOPD and 0.03 MMCFD gas, Pir Apan-1 discovery in March, producing 375 BOPD and 18 MMCFD gas, Piraro Deep-1 discovery in April is producing 483 BOPD and 15.2 MMCFD gas, Nurpur Deep-1 gas discovery in May producing 4.5 MMCFD gas, Mulaki-1 oil and gas discovery in July is producing 25 BOPD and 7 MMCFD gas, Shekhano-1 discovery in August is producing 84 BOPD and around 17 MMCFD gas.
OGDCL has made Suleman-1 gas discovery in March (Khewari Block), which is expected to produce 20 MMCFD of gas. Moreover, oil and gas discoveries were made by OGDCL in their Nashpa-2 and Nashpa-3 (appraisal wells). Nashpa-2 is expected to produce around 3370 BOPD and 11 MMCFD gas, whereas Nashpa-3 is expected to produce 3165 BOPD and 14.35 MMCFD gas.
Recently, M/S Eni has made gas discovery at Badhra-B North-1 Lease Area-B, which is expected to produce around 25 to 35 MMCFD of gas. M/S Pakistan Oilfields Ltd has made a discovery in Meyal/Uchri Lease in Bela-1 well, producing around 100 Barrels per day of condensate and 05 MMCFD of gas.-PR
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