The Ministry of Energy has discovered new reserves of gas and condensate from an exploratory well in Dera Ismail Khan, Khyber Pakhtunkhwa.
According to a statement released by the ministry on Tuesday, the discovery was made in conjunction with the private partners. The well was bored 3,527 meters deep, and as a result of the drilling, potential hydrocarbon-bearing zones were discovered. These zones revealed reserves of 39.12 million standard cubic feet of gas, 1,840 barrels of condensate, and 32.8 barrels of water per day.
The discovery will help to reduce the gap between domestic energy supply and demand, reduce the country’s dependency on oil and gas imports, and expand its hydrocarbon reserve base.
This is the 15th oil and gas discovery during the current calendar year.