Thursday, December 11, 2008

30 trillion cubic feet gas lying trapped in Tight Reservoirs of Pakistan: APP

ISLAMABAD, Dec 11 (APP): The natural gas in excess of 30 Trillion Cubic Feet may be lying trapped in the Tight Reservoirs of Pakistan. There is a need to further develop local and foreign exploration and production companies and service sector to further strengthen the oil and gas producing capacity of the country, said a senior official sources in the Ministry of Petroleum and Natural Resources.

According to Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) Technical Expert Committee the tight reservoirs are of poor quality and therefore require additional effort and expensive technologies to recover gas from them.
As the cost is very high, it becomes economically prohibitive for the oil companies to produce gas from these reservoirs.

For more on this article, please click on the following link: 30 trillion cubic feet gas lying trapped in Tight Reservoirs of Pakistan: APP

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