ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) is set to begin drilling for the exploration of shale gas and oil deposits in Sindh in December.
The report confirmed the presence of 10,159 trillion cubic feet (TCF) Shale gas and 2,323 billion of stock tank barrels (BSTB) Shale oil in place resources.
US budget deficit soars to almost $1 tn, highest since 2012
Earlier in June, Oil and Gas Development Company Ltd (OGDCL) announced that it had discovered oil and gas reservoir in district Sanghar of Sindh province.
IMF review mission to visit Pakistan as scheduled
According to the OGDCL statement, the oil and gas reservoir was discovered in the Pandhi area of Sanghar.
The statement read, “The structure of Pandhi was delineated, drilled and tested using OGDCL’s in house expertise. The well was drilled down to the depth of 3600 meters.”
FBR bars tax officials from personal interaction
ADVERTISEMENT
Earlier, OGDC was part of a consortium that searched for offshore oil and gas reserves in the Arabian Sea. Though the effort failed to yield any result, Pakistan was able to collect data on offshore hydrocarbon deposits in the country.
Pakistan is ranked ninth in the world with respect to shale oil and gas potential. A study had been conducted by Weatherford for OGDC in 2018 to assess shale and tight gas reserves in the Indus Basin in Pakistan.
We reversed damage which prior govt did: Hammad Azhar
Major formations of shale and tight gas were found in Talhar, Sambar, and Chiltan. The thickness of these shale reserves ranges from 1,000 feet to 3,000 feet and total organic content ranges from 1.5 percent to 2.5 percent.
According to the latest study, the shale gas potential in the Indus Basin is 1,000 trillion cubic feet over an area of 110,000 km.
Pakistan jumps 28 spots on ‘Ease of Doing Business 2019’
The drilling of shale gas in Pakistan may be possible if a price of $12 per million British thermal units (MMBtu) is offered under the pilot programme.
Shell Pakistan suffers Rs. 877.5m loss due to oil price volatility
