A major Oil and Gas reserve has been found in Kohat’s Tal Block district in Khyber-Pakhtunkhwa, with the Razgir-1 formation showing promising deposits that could boost Pakistan’s energy resources significantly.
According to Oil and Gas Development Company Limited (OGDCL), the well is currently producing around 159 barrels of oil and 16.4 million standard cubic feet of gas per day.
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This discovery is the result of a joint effort by OGDCL, Pakistan Petroleum Limited (PPL), and Pakistan Oilfields Limited (POL), with drilling operations set to start in January 2024.
This recent discovery builds on another successful find in the Tal Block last month, highlighting the area’s potential as a significant energy source. The continued positive results from the joint venture’s exploration emphasize the Tal Block’s strategic role in fulfilling Pakistan’s energy needs.
OGDCL has quickly notified both the government and the Pakistan Stock Exchange about the discovery, underscoring its potential economic advantages and benefits for national energy security. The announcement has been received with optimism, as it is expected to boost domestic energy production and lessen dependence on imported fuels.
The Razgir-1 find is viewed as a key development in tackling Pakistan’s energy challenges, promising greater energy self-sufficiency and contributing positively to the national economy.
