{"id":239774,"date":"2022-01-21T07:33:26","date_gmt":"2022-01-21T02:33:26","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=239774"},"modified":"2022-01-21T07:33:26","modified_gmt":"2022-01-21T02:33:26","slug":"ep-companies-drill-217-wells-in-40-months","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ep-companies-drill-217-wells-in-40-months\/","title":{"rendered":"E&#038;P companies drill 217 wells in 40 months"},"content":{"rendered":"<p>ISLAMABAD: The oil and gas exploration and production (E&#038;P) companies have drilled around 217 wells during a 40-month period, producing an additional 32,496,029 barrels of oil and 1,436,546 million cubic feet (mmcf) gas since 2018-19. According to details, the E&#038;P companies, operating in different parts of the country, have drilled around 217 wells including 87 exploratory and 130 appraisals and development during the last three years. As a result of the exploration and development activities, the companies produced an additional 32,496,029 barrels of oil and 1,436,546 MMCF gas in 2018-19; around 28,086,649 barrels of oil and 1,316,635 MMCF gas in 2019-20; as many as 27,568,461 barrels of oil and 1,279,243 MMCF gas in 2020-21 and 9,295,184 barrels of oil and 415,366 MMCF gas in first four months of the current fiscal year. In 2021-22, the E&#038;P companies would produce around 29 million barrels of crude oil and 1.47 trillion cubic feet (TCF) gas and 917,731 tons of liquefied petroleum gas (LPG) under the targets given by the government to meet the country\u2019s energy needs. TLTP<br \/>\nIn 2020-21, the companies had produced around 27 MBL of crude oil, 1.27 TCF of gas and 764,775 tons LPG during the last year against the targets of 30 MBL oil, 1.43 TCF gas and 753,051 LPG.<br \/>\nThe country had been divided into four exploration licensing zones, consisting of West Balochistan-Pishin-Potowar Basins, Kirthar, East Balochistan-Punjab platform-Suleman Basins, Lower Indus Basins and Indus &#038; Makran Basins. The country\u2019s total existing sedimentary area is around 827,268 square kilometers (KM2), out of which 320, 741-km or 39 percent of the area is under exploration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The oil and gas exploration and production (E&#038;P) companies have drilled around 217 wells during a 40-month period, producing an additional 32,496,029 barrels of oil and 1,436,546 million cubic feet (mmcf) gas since 2018-19. According to details, the E&#038;P companies, operating in different parts of the country, have drilled around 217 wells including 87 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-239774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>E&amp;P companies drill 217 wells in 40 months<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/ep-companies-drill-217-wells-in-40-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E&amp;P companies drill 217 wells in 40 months\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The oil and gas exploration and production (E&#038;P) companies have drilled around 217 wells during a 40-month period, producing an additional 32,496,029 barrels of oil and 1,436,546 million cubic feet (mmcf) gas since 2018-19. According to details, the E&#038;P companies, operating in different parts of the country, have drilled around 217 wells including 87 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/ep-companies-drill-217-wells-in-40-months\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-21T02:33:26+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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