In a major development for Pakistan’s national economy, significant oil and gas deposits have been discovered in Khyber Pakhtunkhwa.
The discovery was made at the Razgir 1 exploratory well located in the Tal Block by Pakistan Oilfields Limited (POL). The well is expected to yield 250 barrels of crude oil and 20 million cubic meters of standard cubic gas per day.
Drilling at the Razgir 1 well commenced in January of this year, and the successful discovery marks a notable milestone in the country’s energy sector. The well, a joint venture among POL, Oil & Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL), represents a substantial addition to Pakistan’s oil and gas reserves.
In a communication to the Pakistan Stock Exchange (PSX), Pakistan Oilfields Limited formally announced the discovery, underscoring its potential impact on the national economy. The find is anticipated to bolster Pakistan’s energy sector, reduce dependency on imported energy, and enhance the country’s economic stability.
On July 15, in a major breakthrough for Pakistan’s energy sector, a major oil and gas deposit was unearthed in Attock. The Pakistan Oilfields Limited (POL) announced that its exploratory well in the Ikhlas block yielded promising results.
The newly discovered well was producing a substantial 714 barrels of crude oil and 10 million standard cubic feet of gas per day.
Drilling operations for this promising well commenced in October 2023 and reached an impressive depth of 17,778 meters.
