KOHAT: A major oil and gas reserve has been discovered in Kohat’s Tal Block district in the Khyber-Pakhtunkhwa province, with the Razgir-1 formation revealing promising deposits that could significantly strengthen Pakistan’s energy resources.
According to the Oil and Gas Development Company Limited (OGDCL), the well is currently producing approximately 159 barrels of oil and 16.4 million standard cubic feet of gas daily.
The discovery is the result of a collaborative effort between OGDCL, Pakistan Petroleum Limited (PPL), and Pakistan Oilfields Limited (POL) with the drilling operations to be commenced in January 2024.
This recent find follows another successful discovery in the Tal Block last month, further underscoring the potential of the area as a rich source of energy. The joint venture’s exploration activities have continued to yield positive results, highlighting the strategic importance of the Tal Block in meeting Pakistan’s energy needs.
OGDCL has promptly informed both the government and the Pakistan Stock Exchange about this development, reflecting the potential economic benefits and the positive impact on the country’s energy security. The announcement has been met with optimism, as it is expected to enhance Pakistan’s domestic energy production and reduce reliance on imported fuels.
The discovery at Razgir-1 is seen as a step forward in addressing the energy challenges facing Pakistan, offering hope for increased self-sufficiency in energy production and a boost to the national economy. –Agencies
