6 new oil and gas discoveries made

[shah1398]

6 new oil and gas discoveries made
Posted By: News Deskon: June 28, 2016
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ISLAMABAD: (APP) Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Tuesday said oil and gas exploration companies had made six new discoveries during the current month alone, bringing the total number of finds to 83 in last three years.

“These are a record number of discoveries made in just one month, from where 50.1 mmcfd gas and 2,359 billion barrels oil per day was being produced,” he informed the the National Assembly Standing Committee on Petroleum and Natural Resources.

The committee meeting, chaired by Chaudhry Bilal Ahmed Virk, was attended by MNAs Muhammad Arshad Khan Leghari, Rana Afzaal Hussain, Mian Tariq Mehmood Rana Muhammad Ishaq Khan, Rasheed Ahmed Khan, Nawab Ali Wassan, Roshan Din Junejo, Nisar Khan Khattak and Abdul Waseem, besides senior officials of the ministry and attached departments.

https://timesofislamabad.com/6-new-oil-and-gas-discoveries-made/2016/06/28/

ISLAMABAD: Six new oil and gas discoveries have been made in Sindh and Khyber Pakhtunkhwa, a statement of the Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said on Tuesday.

Abbasi said of the six new finds, two each were made by the Oil and Gas Development Company (OGDCL) and MOL Pakistan, and one each by the Petroleum Exploration (pvt) Limited (PEL) and United Energy Pakistan (UEP).

The minister said PEL hit natural-gas condensate in Badin IV South Block at Ayesha North I Well in Sindh at 2,820 meters. It conducted a successful DST (drill stem test) and found flow at the rate of 8.1 million cubic feet per day (mmcfd) of gas and 49 barrels per day (bpd) oil.

UEP made a gas discovery in Bukhari Lease at Limu East I Well in Sindh and assessed 2.0mmcfd of gas flow, while MOL Pakistan made two discoveries in Tal Blockat Makori Deep I Well and Tal Block Tolang West I Well in Khyber Pakhtunkhwa, where the company found 18.5mmcfd gas and 2,020bpd oil flow during the drills.

Similarly, the OGDCL made two discoveries in Bitrism Block at Bitrism West IA Well and in Thal block at Thal West I Well in Sindh, and found 215mmcfd gas and 290bpd oil, the minister said.

Following the 83 oil and gas discoveries in the last three years, around 631mmcfd gas and 27,359bpd crude oil has been added to the system.

Earlier, Chairman Standing Committee, Bilal Ahmed Virk directed the officials of the Oil and Gas Regulatory Authority (OGRA) to make effective rules so no defaulter of any government department could get any kind of licences from the authority. OGRA expressed concern on what it called the non serious attitude of the Director General (Concession) of the ministry towards providing information sought by the members from time to time.

 

[AZADPAKISTAN2009]

Too late we are importing Mr Scientist , focus on Rocket tech now

 

[war&peace]

When will he be arrested?

 

[Devil Soul]

Pakistan’s oil and gas discoveries touch record
By Zafar Bhutta
Published: June 29, 2016
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Four fresh reserves were found in Sindh and two in K-P. PHOTO: REUTERS

ISLAMABAD: Pakistan has made the highest number of oil and gas discoveries in the current month as exploration companies found fresh hydrocarbon deposits in six wells that will add 50.1 million cubic feet per day (mmcfd) of gas and 2,359 barrels per day (bpd) of oil to the existing production levels.

Of these, major discoveries have been made in Sindh that already has a big share in total gas output in the country.

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Petroleum and Natural Resources Minister Shahid Khaqan Abbasi, while speaking during a meeting of the National Assembly Standing Committee on Petroleum and Natural Resources chaired by Bilal Ahmed Virk on Tuesday, said four discoveries were made in Sindh and the remaining two in Khyber-Pakhtunkhwa.

Of these, Oil and Gas Development Company made two finds, MOL Pakistan two and Petroleum Exploration Limited and United Energy Pakistan one each. The discoveries have shown presence of 31.6 mmcfd of gas and 339 bpd of crude oil in Sindh and 18.5 mmcfd of gas and 2,020 bpd of oil in K-P.

Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Amjad Latif warned that the country’s gas reserves were depleting and no gas was available for the domestic consumers in Punjab. He pointed out that the purchasing cost of gas for domestic consumers stood at Rs510 per million British thermal units (mmbtu) but the consumers coming under the first slab were receiving it at Rs110 per mmbtu.

Eighty-five per cent of domestic consumers were paying less than 50% of the cost of gas and the industrial and commercial consumers were cross-subsiding the domestic consumers, he said.

However, now industrial and commercial consumers were being provided imported liquefied natural gas (LNG), so the burden of cross-subsidy had been shifted to SNGPL that was feeling the strain on its finances.

Though the gas production was declining, Latif told the committee that the company would lay pipelines over 8,000 km in the current year. At present, 1.5 million applications for new gas connections are awaiting approval of the company.

The country was facing gas shortages as politicians were using it as a tool to win elections.

During the meeting, National Assembly member Mian Tariq Mehmood, who belonged to the ruling PML-N, alleged that SNGPL had provided 100 gas meters in his constituency to please his political rival Imtiaz Safdar Warraich, though his requests for new meters were turned down repeatedly.

He insisted that the provision of gas meters to his opponent had damaged his political image. NA Standing Committee Chairman Bilal Ahmed Virk accused Director General Petroleum Concession Saeedullah Shah of not responding to the committee for the last two years.

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Describing Shah’s attitude as non-sense, he said he was not cooperating with the committee and sought the record of past meetings to show response of the director general of petroleum concession.

The committee also took up for review the issuance of licences for liquefied petroleum gas (LPG) stations to the defaulters that were previously running CNG stations.

It recommended that rules of Oil and Gas Regulatory Authority (Ogra) should be amended to ensure the clearance of outstanding bills of SNGPL, Water and Power Development Authority and banks before issuing licences for setting up LPG stations.

Published in The Express Tribune, June 29th, 2016.