Home »Fuel and Energy » Pakistan » KPOGCL discovers huge oil & gas reserves in district Kohat

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  • Jan 5th, 2018
  • Comments Off on KPOGCL discovers huge oil & gas reserves in district Kohat
Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) in a joint venture with OGDCL has discovered the huge oil and gas reserves in Baratai, district Kohat. Although well testing is in progress but sources tell that the Baratai well is to produce about 30 MMCFD of gas and 700 barrel of crude oil, according to an official communiqué issued here on Thursday.

With the vision to discover natural resources of KP, CEO KPOGCL Raziuddin (Razi) took initiative for drilling projects and signed agreement with OGDCL in Baratai Block. Seismic data was acquired, processed and interpreted by the mutual working of KPOGCL & OGDCL technical teams.

After several technical meetings, workshops and seismic reinterpretation, drilling was commenced on 24th May, 2017. The well was drilled to a depth of 5014 meters in a record time of 199 days. During drilling operations several complications were encountered but KPOGCL and OGDCL solved all the issues as a one team by conducting regular meetings and technical workshops.

Razi said that Baratai Discovery is a landmark achievement. KPOGCL is the first Provincial Holding Oil & Gas Company to start its production. The discovery will generate over a billion rupees per annum revenues for Government of Khyber Pakhtunkhwa in the form of royalty. He said that KPOGCL has achieved this all because of the utmost support of Chief Minister Pervez Khattak, Energy Minister Atif Khan, Chief Secretary Azam Khan & Energy Secretary Naeem Khan.

The high standards and impossible to achieve vision 2025 set by Government of KP for Oil & Gas Sector ie 200,000 BPD of crude oil and 2,000 MMCFD of gas, is now looking achievable even before 2025. Sources have said that the Baratai Well-2 is planned to be drilled within the next three months which upon success will further bring the government closer to its 2025 targets. KPOGCL is also in JV with KUFPEC and OGDCL in Paharpur, Pezu and Kulachi blocks. Drilling will start in these blocks in the next six months.

Copyright Business Recorder, 2018


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