Pakistan has found new deposits of oil and gas in exploratory well Mamikhel South-01, located in Tal block in Khyber-Pakhtunkhwa (K-P).
The discovery will slightly slash the country’s heavy reliance on energy imports and cut the import bill.
“Well test has shown 3,240 barrels of condensate per day, 16.12 mmscf (million standard cubic feet) of gas per day and 48 barrels of water per day,” Pakistan Oilfields Limited (POL) said in a notification to the Pakistan Stock Exchange (PSX)