Al-Haj Enterprises (Pvt) Limited, an exploration & production (E&P) company, has discovered gas and condensate reserves in Dera Ismail Khan, Khyber Pakhtunkhwa.
Ministry of Energy and Petroleum Division in a statement on Tuesday said that the joint venture of Baska North Block (3169-4) comprising of Al-Haj Enterprises (Pvt) Ltd as operator (10.85%), Al Haj Pakistan Kirthar B.V (85%) and Government Holdings (Private) Ltd (4.15%) has discovered gas and condensate from an exploratory well namely 92 Kot Palak-1, which is located in District F.R. Dera Ismail Khan, Khyber Pakhtunkhwa.
According to details, The exploratory well was spudded in on 7th May 2022 and drilled down to depth of 3,527 meters on 18th November 2022.
Earlier The Oil & Gas Development Company Limited (OGDCL) discovered new oil and gas reserves in Sindh and apprised the Pakistan Stock Exchange (PSX) regarding the discovery in the Sanghar district.
The OGDCL started the exploration of the oil and gas reserves on 26th June this year.
In its letter to the PSX, the company stated that it discovered oil and gas from a development cum exploratory well namely Chak-5 Dim South-3 which is located in the Sanghar district of Sindh.
The discovery has opened a new avenue and will positively contribute to mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and the country, said the company.
Read More : OGDCL discovers new Oil & Gas reserves in Sindh