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Pakistan: Pakistan has got a well which has unlimited reserves of oil and natural gas, will poverty be buried in a moment?

Pakistan: Pakistan has got a well which has unlimited reserves of oil and natural gas. This news came for Pakistan at a time when Pakistan was struggling with the shortage of natural gas for a long time. Pakistan’s Mari Petroleum Company Limited (MPCL) has also confirmed this on Monday. The company said that oil and gas reserves have been discovered in Daharki district of Sindh. The company further said in its statement that the Shawal-1 well, drilled in January 2024, reached a total depth of 1,136 meters. Every day 1,040 barrels of oil and 2.5 million cubic feet of natural gas are coming out from this well.

Company CEO Faheem Haider said that it was quite challenging. He considered this success as a milestone for all those scientists and engineers who used new technologies in this discovery. He said that this success has come after MPCL discovered gas in North Waziristan district of Khyber-Pakhtunkhwa in January 2024. Earlier, the government petroleum company Pakistan Petroleum Limited (PPL) discovered natural gas reserves in Sajawal district of Sindh in November 2023. Was announced. According to media reports, this success was achieved after a drilling campaign to a depth of 2,545 meters in Shah Bandar. It recorded a daily production of 236 barrels.

There is shortage of oil and gas in Pakistan
Many companies from Pakistan had left the country, after which there was a shortage of oil and natural gas. According to the report, last year more than 10 international companies involved in oil and gas extraction had closed down their business. Due to this, a 50 percent decline in oil production was seen in Pakistan. Let us tell you that Pakistan, which is facing energy crisis, spends about Rs 1.91 lakh crore every year on the import of petrol, diesel and natural gas. Out of this, Rs 1.33 lakh crore is spent on petrol and diesel and Rs 54 thousand crore is spent on gas. Now the discovery of new reserves in Pakistan is a relief news somewhere.

About Manish Shukla

I am nothing more than zero

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