MM News TV
Wednesday 1st February 2023 / 10 Rejab 1444

PPL finds oil, gas reserves in Sindh, Balochistan

ISLAMABAD: The Pakistan Petroleum Limited (PPL) on Friday has said that it has discovered the crude and gas oil reserves in Balochistan and Sindh.
PPL Managing Director Moen Raza said that so far only one line has been drilled in Kalat and there is much potential of finding more hydrocarbons. He said the PPL informed Pakistan Stock Exchange about the hydrocarbon discovery. The first discovery is in Sindh’s Khairpur and the second in Balochistan’s Katal.

READ MORE: 4 months curfew is clear Muslim genocide in India: Ali Zaidi

It is also highlighted that this is the first gas discovery on Kalat Plateau and has opened a new sub-basin for further hydrocarbon exploration. The discovery of Margand X-1 well is the result of an aggressive strategy in the exploration of frontier basins adopted by PPL, to open new avenues for hydrocarbon exploration and production in Balochistan Province.

RERAD ALSO: Bilawal lashes out govt over removal of 800,000 names in BISP

This discovery will add to PPL’s hydrocarbon reserves and will contribute in reducing the gas between supply and demand of oil and gas in the country through the exploitation of indigenous resources.
Do you want to read authentic news from Pakistan & across the world? So download MM News App Now !
Back to top
Exit mobile version