New gas reserves discovered in Dera Ismail Khan

ISLAMABAD (Web Desk) - The Ministry of Energy has discovered new reserves of gas and condensate from an exploratory well in Dera Ismail Khan, Khyber Pakhtunkhwa.

The discovery was made in collaboration with the private partners, the ministry said in a statement on Tuesday. The well was drilled down to depth of 3,527 meters and as a result of drilling, potential hydrocarbon bearing zones were identified showing reserves of 39.12 million standard cubic feet per day gas, 1,840 barrels of condensate per day and 32.8 darrels of water per day.

The discovery will positively contribute to mitigating energy demand and supply gap from indigenous resources, less reliance on imports of the oil and gas and will add to the hydrocarbon reserves base of the country.

This is the 15th oil and gas discovery during the current calendar year.