A breakthrough has been achieved in Khyber Pakhtunkhwa’s oil and gas sector, as Oil and Gas Development Company Limited (OGDCL) has announced the discovery of new oil and gas reserves in the province. This development is expected to support Pakistan’s energy needs and have a positive impact on the local economy.
A delegation from the National Petroleum Authority (NPA), led by its Chief Executive Officer, Edudzi Tameklo, paid a working visit to the Tema Oil Refinery (TOR) last Thursday to assess progress and verify compliance following the Authority’s approval for the refinery to resume full operations.
Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest exploration and production (E&P) companies, has discovered oil and gas reserves at the Baragzai X-01 (Slant) exploratory well in District Kohat, Khyber Pakhtunkhwa.
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An appraisal well has confirmed Vår Energi ASA’ Zagato oil discovery in the Goliat area on Norway’s side of the North Sea, with preliminary estimated recoverable resources of 21-25 million barrels of oil equivalent (MMboe), the Norwegian Offshore Directorate (NOD) said.
The Tema Oil Refinery (TOR) has said disciplined shipping schedules and tighter operational controls are beginning to pay off with storage tanks now fully stocked, a visible sign that the revived state-owned refinery is regaining operational efficiency after years of underperformance.
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Philippines President Ferdinand Marcos said on Monday (Jan 19) that a “significant” discovery of natural gas had been made near the country’s sole producing offshore site.