What is the History of Pakistan Oil Industry?

1 ANSWERS

1. Guest9829
   

   The Toot area is one of the oldest oil producing regions in Pakistan with the first oilwell was drilled in 1964 when President Ayub Khan encourages a mineral development policy. It is located in the Potwar region, Punjab Province, which It is located approximately 135 km southwest of the capital city of Islamabad. In 1964 the first well was drilled. The commercial production started in 1967. There are about 60 million barrels of oil in place with 12%-15% of which is recoverable. At its peak during 1986, the field was producing approximately 2,400 barrel of oil per day. It has grown steadily since then, producing both oil and, to a lesser degree, natural gas. Oil production was entirely confined to the Potwar Plateau till 1981, when Union Texas Pakistan discovered its first oil-field in Lower Sindh. By 1998-1999, the Lower Sindh gas-fields were producing more oil then the Potwar Plateau. Since then, new deposits have also been found here

   Report (0) (0)  |   12 years, 8 month(s) ago