The company reported that the new well has produced about 20 million cubic feet of natural gas and 122 barrels of crude oil, which could alleviate some energy pressure in the country. This discovery is especially timely considering Pakistan’s high fuel prices and lower foreign EX
Mary Petroleum announced the discovery of new oil and gas reserves in northwestern Pakistan. The latest report released in the last two months follows a successful exploration of three locations in the region. Newly discovered reserves are currently producing natural gas and crude oil and are expected to have a positive impact on Pakistan’s energy supply.
Amid Pakistan’s energy crisis and economic challenges, significant developments in new oil and gas reserves have been discovered in the Northwest region. Mari Petroleum, Pakistan’s leading energy company, announced in two months that it had confirmed three new reserves, which experts say is a “main step” in the country’s energy sector.
The company reported that the new well has produced about 20 million cubic feet of natural gas and 122 barrels of crude oil, which could alleviate some energy pressure in the country. This discovery is especially timely considering Pakistan’s high fuel prices, low foreign exchange reserves and high fuel prices that rely on imported energy.
According to local media reports, the findings could significantly improve energy security and reduce the impact of energy imports that have strained Pakistan’s fiscal balance. “These are significant developments,” an industry analyst told GEO News. They added that while the direct benefit lies in stability in domestic supply, careful management can attract international investors to explore Pakistan’s unexplored energy potential.
This discovery is celebrated nationwide, an opportunity to promote long-term energy security in the country. Mari Petroleum noted that these findings not only increase current production, but also open the region for further exploration.
The fuel crisis in Pakistan has exacerbated by global energy instability and decline in domestic production. Experts suggest that unless there is strong management and investment in refining and storage, these new discoveries will only provide temporary solutions as demand continues to increase.
