Pakistan hopes to tap potential shale gas resources in the country and has alloted the exploration project to two oil and gas companies, a local media reported Tuesday.
"Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Company Limited (PPL) have been tasked to carry out a pilot project to explore shale gas deposits, estimated at more than 10,000 trillion cubic feet (Tcf)," The News International said, quoting an official source.
The Pakistani government is making efforts to explore for shale gas resources given a supply deficit of around 2 billion cubic feet per day (Bcf/d) gas in the South Asian country and rising energy needs, while domestic gas production stands at around 4.16 Bcf/d gas.
According to the official, Pakistan's shale gas exploration project follows a study conducted in cooperation with U.S. Agency for International Development (USAID), which pointed to the potential availability of around 10,159 Tcf of shale gas and 2,323 billions of stock tank barrels (Bstb) shale oil in the country. The findings resulted from a study of 124 wells, including laboratory analysis on shale cores and cuttings in the United States, The News International indicated.
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