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ISLAMABAD: Massive oil and gas reserves have been discovered in the Baratai block well near Kohat, Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) announced on Thursday.
The company, which entered into a joint venture for the project, said the well will produce about 30mmcfd of gas and 700 barrels of crude oil.
KPOGCL Chief Executive Officer, Raziuddin described the Baratai discovery as a landmark achievement. KPOGCL is the first provincial holding oil and gas company to start its production. The discovery will generate Rs1 billion per annum revenue for the provincial government in the form of royalty.
Published in Dawn, January 5th, 2018
