In the main development of Pakistan’s national economy, significant deposits of oil and gas were discovered in Khyber Pakhtunkhwa.
The discovery was made in the Razgir 1 exploration well located in the Tal block by Pakistan Oilfields Limited (POL). The well is expected to yield 250 barrels of oil and 20 million cubic meters of standard cubic gas per day.
Drilling of the Razgir 1 well began in January this year and the successful discovery represents a major milestone in the country’s energy sector. The well, a joint venture between POL, Oil & Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL), represents a significant addition to Pakistan’s oil and gas reserves.
Pakistan Oilfields Limited officially announced the discovery in a statement to the Pakistan Stock Exchange (PSX), highlighting its potential impact on the national economy. The award is expected to strengthen Pakistan’s energy sector, reduce dependence on imported energy and boost the country’s economic stability.
On July 15, in a major breakthrough for Pakistan’s energy sector, a large oil and gas deposit was discovered in Attock. The newly discovered well produced a substantial 714 barrels of oil and 10 million standard cubic feet of gas per day.
