Pakistan Oilfields Ltd (POL) has found significant deposits of oil and gas in Pakistan’s Punjab province that are estimated to increase the company’s hydrocarbon production by 25%, according to The Express Tribune.
The discovery was made in the Ikhlas block, with the Jhandial 1 well flowing at a rate of 2,520 barrels of oil and 595,000 cubic metres of gas per day when tested.
POL holds an 80% stake in the block, with Attock Oil Co. holding the remaining share.
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