Image default
Business Top Stories

Pakistan discovers oil & gas reserves in Gumbat block

ISLAMABAD: Pakistan Petroleum Limited (PPL) has announced another discovery of Oil and Gas in the country, TheNewsTribe.com reported.

According to the PPL announcement on Monday, 42 million cubic feet (Mmcf) natural Gas and 199 barrel crude oil will be produced daily from the new discovery in Gumbat block.

Experts from energy sector say that It’s a significant oil and gas discovery in the energy-starved country.

Pakistan Petroleum Limited (PPL) operates six producing fields in Sui, Kandhkot, Adhi, Mazarani, Chachar and Hala – the first two wholly owned by PPL – and has working interest in fifteen partner-operated producing assets.

Daily gas production of PPL from its operated and partner-operated fields stands at around one billion cubic feet (bcf) of gas per day, which translates into over 20 percent of the country’s total gas production. The company’s major clients comprise Sui Southern Gas Company Limited (SSGCL), Sui Northern Gas Pipelines Limited (SNGPL) and Water and Power Development Authority.

On March 31, 2014, PPL’s proven recoverable reserves were 2.267 trillion cubic feet (Tcf) of natural gas, 40.293 million barrels (MMbbl) of oil/ NGL and 412,557 tonnes (tons) of LPG.

Dear TNT Reader,

At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.

Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.

But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.

Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.

Monthly Subscription Annual Subscription

Visa Card MasterCard American Express Card

We want to hear your Travel Stories.

Do you have a memorable, unbelievable, or favorite travel experience? Share your story with us.