ISLAMABAD: As many as 173 oil wells have been spud, 47 discoveries have been made and 17 leases have been granted during the tenure of the current government.
This was revealed by an official of Ministry of Petroleum and Natural Resources. He said that the grant of 46 new blocks during the tenure of the current government has increased the area under exploration from 269,152 Sq Kms to 363,639 Sq Kms (35pc increase), which is now about 44 pc of the total sedimentary area.
About the government efforts, he said that attractive terms and conditions for investors are, therefore, being offered by the government to accelerate the exploration and development of oil and gas.
The official said that the country has a large sedimentary basin covering over 827,268 Sq. Km and spread over both onshore and offshore. Majority of the area has remained unexplored or under explored. Moreover, around 32,000 bbl of oil production per day have been added and over 510 MMCFD additional gas has also been injected in the gas network system. Pakistan domestic oil production touched its highest level 100,698 barrels per day.
