local hydrocarbon production<\/a> in the country has declined despite the discovery of new reserves due to increased demand. The country’s overall gas and oil production saw a steady decline of 4% annually between 2015 and 2019, which has resulted in an increased reliance on imported fossil fuels. Similarly, gas production went down 2% yearly to 3.38 billion cubic feet per day (BFCD), largely in line with the five-year average production decline.<\/p>\n","protected":false},"excerpt":{"rendered":"Peshawar: The Pakistan Oilfields Ltd (POL) announced the discovery of hydrocarbon reserves in Tal Block in the Kohat district of Khyber Pakhtunkhwa (KP), news sources reported on August 17. The new reserves were discovered by MOL Pakistan in the Tolanj West-02 of the Kohat exploration zone. Read: ADB proposes underground gas storage to improve supply Reportedly, the oil and gas exploration company that is part of the consortium extracting energy from Tal Block stated that the operator has undertaken a drill stem test (DST) at the well for isolating and testing the surrounding geological formations. The testing results show that the well has the capacity to produce 12.7 million standard cubic feet of gas per day (MMSFCD), 11.3 barrels of condensate per day, and 9.2 barrels of water per day. It was disclosed that the production from the well is expected to start from December. Read: OGDCL discovers gas and oil reserves in Punjab, Sindh Moreover, the filing also stated that the overall local hydrocarbon production in the country has declined despite the discovery of new reserves due to increased demand. The country’s overall gas and oil production saw a steady decline of 4% annually between 2015 and 2019, which…<\/p>\n","protected":false},"author":84,"featured_media":60789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[53630,14612,53629],"persona":[],"class_list":{"0":"post-88048","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-gas-production","9":"tag-gas-reserves","10":"tag-pakistan-discovers-new-hydrocarbon-reserves-in-kp","11":"cat-20385-id"},"acf":[],"yoast_head":"\n
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