STAFF REPORT KHI:Pakistan Petroleum Limited (PPL) has announced the new discovery in Hala Block located in District Matiari of Sindh. These are mainly gas and condensate reserves.
The exploration team of PPL involved in the project said, “This is the third discovery in this block; during the preliminary testing of Fazl X-1 the accumulated gas flow shown 20.3 million cubic feet per day of gas and 50 barrels per day condensate”.
It is important to mention here that PPL is the operator of Hala block with 65% stake along with the partner Mari Petroleum.
The incumbent government has taken exclusive steps in order to bolster the petroleum sector and production in order to cut the oil import that adds a lot load on national exchequer. According to Ministry of Petroleum and Natural Resources, so far, 173 wells have been spud, 47 discoveries, and 17 leases granted during the tenure of this government.
Pakistan has immense potential in hydrocarbon resources and proper planning and boosting RandD, exploration and production budget can increase the petroleum production in country making it self-reliant and sustainable economy.