Islamabad: As the country faces enormous shortage of oil and gas, the government ready to make investor friendly petroleum policy to explore more oil and gas reserves.
According to reports, different oil and gas development companies were holding 125 licences to explore oil and gas reserves.
The report said that the government has taken different steps to explore natural gas in the country.
The report further said that the source informed for fiscal year 2013-14, drilling of 59 exploration wells and 51 development wells have been planned for enhancement of oil and gas production in the country.
11 discoveries have so far been made in the country during current fiscal year.
Currently fifty (50) blocks are under process for award to different Exploration and Production Companies.
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