Pakistan Petroleum announces gas find
Pakistan The discovery flows at a rate of 1.68 mcm (56 mcf) per day. The company will continue to drill and aims to increase the field’s output to 2.4 mcm (80 mcf) per day.
This output would be large enough to meet the feedstock need of the Engro fertiliser plant in Pakistan, which has experienced continuous shutdowns due to gas shortages.
PPL’s production level has been in continuous decline in the last four years, from around 28.3 mcm (1 bcf) per day between 2011 and 2012 to 23.4 mcm (825 mcf) per day in 2014.
According to the Energy Information Administration, Pakistan’s natural gas reserves are declining and the country lacks the infrastructure to import more gas to meet demand. The country consumed 42 bcm (1.48 tcf) of gas in 2014.
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