Khyber Pakhtunkhwa has yielded substantial oil and gas deposits, which is a huge boost to the country’s economy.
Pakistan Oilfields Limited (POL) made the discovery at the Razgir 1 exploratory well, which is situated in the Tal Block. Twenty million standard cubic meters of gas and 250 barrels of crude oil are anticipated to be produced daily from the well.
The successful finding of the Razgir 1 well, where drilling has been underway since January of this year, is a significant turning point for the nation’s energy industry. Pakistan Petroleum Limited (PPL), Oil & Gas Development Company (OGDC), and POL together ventured to drill the well, which significantly increased the country’s oil and gas reserves.
Pakistan Oilfields Limited formally declared the discovery and highlighted its possible economic implications in a communication to the Pakistan Stock Exchange (PSX). It is expected that the discovery will strengthen Pakistan’s energy industry, lessen reliance on imported energy, and improve the stability of the nation’s economy.
