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New Gas Reserve discovered in Southern Sindh Province of Pakistan

May 4, 2013 13:36 IST

Pakistan in the Month of April had discovered a new gas reserve in southern Sindh province that is supposed to help in reduction of acute gas shortages for industry and transport.

The Discovery was made by the Italian energy company ENI with joint venture partners Pakistan Petroleum Limited and Kuwait Foreign Petroleum Exploration Company in the Kirthar Fold Belt region 270 kilometres (170 miles) north of Karachi.

It was found during the production testing that the gas is flowing at 33 million cubic feet per day highlighting an excellent potential for the future for energy needs of the country.

It is important here to note that the under an early production scheme, gas supply from the new reserve would be possible within three years.

The discovery of new oil and gas reservoirs is of imperative importance to cope with the prevailing energy shortage in Pakistan.

One of the largest oil producers, ENI is under existence in Pakistan since 2000 and is the country's largest producer, with an average production of 54800 barrels of oil equivalent per day in 2011.

Pakistan has a widespread energy crisis for years which is characterized by frequent blackouts, which has stultified the economy.

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Read more Current Affairs on: Pakistan , New Gas Reserve , Southern Sindh Province

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