{"id":70310,"date":"2020-09-13T10:00:37","date_gmt":"2020-09-13T05:00:37","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70310"},"modified":"2020-09-11T17:24:12","modified_gmt":"2020-09-11T12:24:12","slug":"shale-gas-policy-formation-underway-utilise-hydrocarbon-reserves-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/shale-gas-policy-formation-underway-utilise-hydrocarbon-reserves-pakistan.html","title":{"rendered":"Shale Gas Policy formation underway to utilise hydrocarbon reserves in Pakistan"},"content":{"rendered":"\n<p>Islamabad: The Petroleum Division on Wednesday revealed that the formation of a \u2018Shale Gas Policy\u2019 was currently underway to enable the country to \u2018benefit from the massive hydrocarbon reserves\u2019 available to it, a news source reported. It added that the proposed framework would incentivize various multinational companies to undertake exploration gigs in Pakistan.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ogdc-discovers-new-gas-reserves-kohat.html\" target=\"_blank\" rel=\"noreferrer noopener\">OGDC discovers new gas reserves in Kohat<\/a><\/p>\n\n\n\n<p>According to the details shared, USAID sponsored an exploration study in 2015. The study collected Shale cores and cuttings from 124 wells dug in the lower and middle Indus basin. These were sent to the US for a detailed analysis. The results later confirmed the presence of 10,159 trillion cubic feet (TCF) of Shale gas and 2,323 billion of stock tank barrels (BSTB) of Shale oil in Pakistan.<\/p>\n\n\n\n<p>Sources revealed that the untapped reserves stretch across 271,700 kilometres, which was 33% of the total sedimentary area of Pakistan \u2013 in Sindh, Eastern Balochistan, and South Punjab. They added that the Energy Information Administration (EIA) also shared a Shale Gas Assessment Report in 2015. This report revealed that the country had 105 TCF of Shale gas and 9.1 BSTB of Shale oil.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/oil-gas-reserves-discovered-upper-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">Oil and gas reserves discovered in upper Punjab: Pakistan Oilfields Limited<\/a><\/p>\n\n\n\n<p>Currently, Pakistan\u2019s demand of natural gas stands at six billion cubic feet per day (BCFD). Less than four BCFD of this amount is produced domestically. According to experts, the country can become self-sufficient in gas and oil production for next several decades if these untapped resources are utilised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Petroleum Division on Wednesday revealed that the formation of a \u2018Shale Gas Policy\u2019 was currently underway to enable the country to \u2018benefit from the massive hydrocarbon reserves\u2019 available to it, a news source reported. It added that the proposed framework would incentivize various multinational companies to undertake exploration gigs in Pakistan. Read: OGDC discovers new gas reserves in Kohat According to the details shared, USAID sponsored an exploration study in 2015. The study collected Shale cores and cuttings from 124 wells dug in the lower and middle Indus basin. These were sent to the US for a detailed analysis. The results later confirmed the presence of 10,159 trillion cubic feet (TCF) of Shale gas and 2,323 billion of stock tank barrels (BSTB) of Shale oil in Pakistan. Sources revealed that the untapped reserves stretch across 271,700 kilometres, which was 33% of the total sedimentary area of Pakistan \u2013 in Sindh, Eastern Balochistan, and South Punjab. They added that the Energy Information Administration (EIA) also shared a Shale Gas Assessment Report in 2015. This report revealed that the country had 105 TCF of Shale gas and 9.1 BSTB of Shale oil. Read: Oil and gas reserves discovered in upper&hellip;<\/p>\n","protected":false},"author":68,"featured_media":60789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15017],"tags":[39153],"persona":[],"class_list":{"0":"post-70310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-notices-announcements","9":"tag-details-on-shale-gas-policy-formation-underway-to-utilise-hydrocarbon-reserves-in-pakistan","10":"cat-15012-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shale Gas Policy formation underway - Zameen News<\/title>\n<meta name=\"description\" content=\"The Petroleum Division on Wednesday revealed that the formation of a \u2018Shale Gas Policy\u2019 was currently underway to \u2018benefit from the hydrocarbon reserves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/shale-gas-policy-formation-underway-utilise-hydrocarbon-reserves-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shale Gas Policy formation underway - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Petroleum Division on Wednesday revealed that the formation of a \u2018Shale Gas Policy\u2019 was currently underway to \u2018benefit from the hydrocarbon reserves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/shale-gas-policy-formation-underway-utilise-hydrocarbon-reserves-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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