Exploration & Production

POL hits oil and gas in Punjab

Pakistan Oilfields Ltd has found significant deposits of oil and gas in Pakistan’s Punjab province.
By Staff reporter 5 October 2017 0 27861

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.