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New Oil & Gas Reserves in Pakistan

Pakistan has a lot of business to do and profit to make when it comes to making an investment at the right place and on the right time.  Recently, significant reserves of crude oil and gas from a new well in Makori Deep-01, Tal Block in Khyber Pakhtunkhwa have been discovered while filling.

This new well is currently in the phase of drilling and testing. The work has not been completed yet but it is anticipated that it contains huge crude oil reserves. Once the acid stimulation job is done then experts are able to give their correct statements regarding the nature of reserves. Production from the well will only start once the pipeline to the production facility is completed.

If these gas reserves are being identified and the gas supply is made clear, Pakistan shall be able to earn a lot of money by supplying gas locally and to other countries as well. Already, Oil and Gas Development Company Limited (OGDC) and Pakistan Petroleum Limited (PPL) have stakes of 27.8% each. In addition, even if oil prices remain the same as they are, Pakistan’s national economy would be earning 16% more profit from these gas reserves.

Presence of hydrocarbons is also been tested in this region. Discovery of all these elements will have a positive consequence on the movement of stock prices in Pakistan. Moreover, price performance of the scrips will remain in balance due to the volatility in the international oil prices.

Afreen is a young writer and visionary towards life predominantly. I believe that writing is similar to life; it inspires surprises and creates. Being a Literature Masters, I am passionate about viewing the world with literary spectacle. Solely in love with this beautiful part of Universe called Pakistan, I am creating words and ideas for CharchaGuru.

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New Oil & Gas Reserves in Pakistan

Pakistan has a lot of business to do and profit to make when it comes to making an investment at the right place and on the right time.  Recently, significant reserves of crude oil and gas from a...