Ministry of Petroleum Resources establishes shale gas, oil center for E&P companies
ISLAMABAD: Ministry of Petroleum and Natural Resources has inveterate a Shale gas and oil centre to ease interested Exploration and Production (E&P) companies in tapping the recently identified 188 TCF gas and 58 BSTB oil technically recoverable resources in lower and middle Indus Basin.
official sources told APP, “A dedicated Shale gas and oil centre has been established at the Petroleum House, which is now open for all interested E&P companies.”
They termed the identification of massive Shale holds a ‘game-changer’ and future source for ample supply of petroleum in the country.
A study, completed duo with USAID, had confirmed existence of 3,778 trillion cubic feet (TCF) Shale gas and 2,323 billions of stock tank barrels (BSTB) Shale oil in place resources.
The study covered lower and middle Indus Basin which geographically spread over Sindh, southern parts of Punjab and eastern parts of Balochistan.
Total area under the study was 271,700 kilometers, which is 33 percent of total sedimentary area of the country.
The sources said that a corporation of Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum limited (PPL) is being formed to undertake pilot project(s) to regulate cost of extracting Shale gas and oil while answering a question.
During the study, a detailed analysis of 124 wells were executed including laboratory analysis on Shale Cores and Cuttings in the United States.
Objectives of the study were to assess availability of required technology, endorse Shale gas resource, estimate initial findings and infrastructure for Shale gas operations and formulate guidelines for the Shale gas policy.
The study had further confirmed that basic technology required for Shale gas exploration i.e. horizontal drilling and hydraulic fracturing, was available in the country and being used for orthodox and tight gas stock.