KARACHI: The Pakistan Petroleum Limited (PPL), a state-run oil and gas exploration firm, this week announced the discovery of new gas reserves in the northwestern Khyber Pakhtunkhwa (KP) province, according to a Pakistan Stock Exchange (PSX) filing.
The new reserves were found in TAL block at Bilitang-1 exploratory well in Khyber Pakhtunkhwa’s Kohat district, according to the PPL filing submitted in the PSX.
Pakistan faces a widening energy gap due to rising demand and limited domestic output, forcing it to rely heavily on costly fuel imports that expose the economy to global price swings.
The exploratory well, spudded in on Aug. 10, reached target depth of 4011 meters.
“Based on interpretation results of LWD/wireline logs data, Hangu/Lumshiwal formations (exploratory targets) were initially tested successfully at rate of 1.58 Million Standard Cubic Feet per day (MMSCFD) gas at 40/64” choke against Wellhead Flowing Pressure (WHFP) 164 Pounds per Square Inch (Psi),” the PPL said in a letter to PSX dated Jan. 2.
