Strategy afoot to tap 9 TCF Gas, 500 MBL oil potential in KP

Khyber Pakhtunkhwa government is in the process of attracting more companies for carrying out exploration activities in different areas of the province for exploiting potential reserves of around nine Trillion Cubic Feet gas and oil deposits exceeding 500 million barrels.

The two leading companies OGDCL and MOL, during different periods from 200102 to 20152016, have extracted around 89,998,250 barrels crude oil and 87,217,244 Million Cubic Feet natural gas from their respective fields including Chanda, Nashpa, Mela, Sheikhan and Hangu. An official source privy to petroleum sector developments told APP that an effective strategy is being pursued to tap the unexplored potential of 9 TCF gas and 500 MBL oil.

Source: Radio Pakistan