The discovery was made in the Khirtar Fold Belt region close to the ENI-operated Bhit gas processing facility, Italian company ENI said in a statement.—File Photo

ROME: Italian energy major ENI said on Wednesday it had discovered a major reserve of between 300 billion and 400 billion cubic feet of gas some 350 kilometres north of Karachi in Pakistan.

The discovery was made in the Khirtar Fold Belt region close to the ENI-operated Bhit gas processing facility, the company said in a statement.

ENI said it “confirms the presence of significant exploration potential that can be exploited through the application of new geological models.”

The company said it had begun talks with Pakistani authorities on creating a joint venture, adding that it would “help to reduce the national gas deficit.”

ENI has been in Pakistan since 2000 and is the country’s largest producer, with average production of 54,800 barrels of oil equivalent per day in 2011.

Pakistan has had an endemic energy crisis for years, characterised by frequent blackouts, which has crippled the economy.

The crisis is blamed on chronic mismanagement and corruption.

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Comments (30)

dido
September 19, 2012 3:50 pm
Why Italians why not Turkey? Give Turkey a chance to assist.
Ashir ZIa
September 21, 2012 7:10 am
I would also put resonsibility to the Media and Dawn specially to highlight the statistics and promote transparency and accountability as well. Being a writer I would like and encourage all to write articles with having some reseach and fact and figures.
mohammad shafiq
September 19, 2012 2:09 pm
This should provide much employment for our brethren in the punjab
naim ur rehman
September 20, 2012 9:57 am
Make all decoits run away first and then start development projects otherwise they will steal away every thing as usual
naim ur rehman
September 20, 2012 9:55 am
agreed
hatis
September 20, 2012 9:34 am
This will not termed as Good News unless we get rid of the Corrupt and Incompetent Mafia of Politicians
Muhamamd Naeem
September 20, 2012 8:01 am
A blow of cold wind during current situation..
Ghalib Khan
September 20, 2012 4:28 am
Dawn and other responsible news media, should now monitor this project very closely so it is not Crucified to corruption.
jalaluddin S. Hussain
September 20, 2012 2:40 am
Unless we completely root out regime of corruption and debilitating social injustice conditions, in Pakistan, these kind of discoveries would not improve the conditions of common people.
Syed M Ahmed
September 20, 2012 2:40 am
In dealing with the resource sector, the media should be very careful to use proper terminology while describing the "discovery" of "major rerserve". Please note that in the resource sector the word "resource" has a specific meaning and is not the same as "reserve". Please note that ENI has issued a very measured statement which “confirms the presence of significant exploration potential that can be exploited through the application of new geological models.” In simple english this means that the results of the present exploration have been promising and that significant further exploration is required and that the resource could be exploited through new technology.So hang on to your hat. We are not Qatar, just yet.
Syed Ahmed
September 20, 2012 1:51 am
Allah always helps Pakistan but our so called leaders are out to destroy the country.
Ahmed Rehan
September 20, 2012 1:47 am
Thanks God, God please forgive our sins, and protect Pakistan and Pakistanis. Amin
TKhan
September 19, 2012 7:48 pm
Alright; More Nihari and More Biryani. Life is good in Pakistan.
sam
September 19, 2012 6:10 pm
Pakistan - Zindabad
muzjee
September 19, 2012 6:02 pm
Nice.
abdullah
September 19, 2012 5:06 pm
watch this resource also be squandered by corrupt officials and the people of pakistan to see minimal benefit
Concerned Oil & Gas Professional
September 19, 2012 5:00 pm
Its about time Pakistan ramped up its gas production at par with atleast Bangladesh. Unforntunately, there has been no major discovery since Sui gas fields in Baluchistan. Pakistan also needs to resolve the Sir Creek issue with India so exploration can begin there.
Khalid Baloch
September 19, 2012 1:46 pm
Allah O Akbar. Now we need to discover honest and patriotic people to run our country. Last 60 years of Army and bad political governace curse has to be lifted. Pakistani people need to create their own destiny. We need peoplw like Dr. Qadeer. Long Live Pakistan.
Noortaj Khan
September 19, 2012 1:32 pm
This is Great. Lets just hope for some others as well.
Malik
September 20, 2012 10:16 pm
you don't have the skills to do it.They don't steal. You have to pay, for their skills.
Tahir Rao
September 19, 2012 1:19 pm
Great News. I pray, this opens up new world of oppurtunities for the nation and helps the economy. Amen Summ Amen.
azhar
September 21, 2012 12:10 am
I hope this is real and not like a long time ago when we heard a little before elections that country had become self sufficient in the exploration of oil and Pakistan also was manufacturing small airplanes. Sounds familiar in the current atmosphere. What about our own drone system?
Malik
September 19, 2012 4:27 pm
ENI good work done.Keep it up.There is plenty of Gas & oil reserves in the country, we need good companies to explore it.
Ghazanfar
September 19, 2012 3:37 pm
ENI is not the country's largest producer, however one of the major producers for sure.
Rattan
September 19, 2012 3:37 pm
more for the poiliticians
kirther
September 19, 2012 2:07 pm
Excellent news, I hope this new discovery will not be wasted on domestic consumption as has happened with Sui. These precious resources should be utilized in industrial sector to draw long term economic benefit.
muhammad
September 19, 2012 2:04 pm
keep the good news coming
adam memon
September 19, 2012 2:01 pm
May Allah bless our country.
Nadeem
September 20, 2012 12:22 pm
agreed
Shahzad
September 19, 2012 1:46 pm
ENI Zindabad.
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