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Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.
Sawan Gas Field is located in Nara Taluka, Sindh, Pakistan. It is a joint venture of OMV Pakistan , ENI Pakistan , PPL , Moravské naftové doly and Government Holdings (Private) Limited. [ citation needed ] Production peaked in 2007 and by late 2023, the field's operator had recovered 97% of the recoverable reserves. [ 2 ]
It has grown steadily since then, producing both oil and, to a lesser degree, natural gas. [3] Oil production was entirely confined to the Potwar Plateau till 1981, when Union Texas Pakistan subsidiary discovered its first oil-field in Lower Sindh. By 1998-1999, the Lower Sindh gas-fields were producing more oil than the Potohar Plateau.
The gas field was discovered in the late 1952 and the commercial exploitation of the field began in 1955. Sui gas field accounts for 6% of Pakistan's gas production. [12] Remaining reserves are estimated to be at about 800 billion cubic feet (tcf) and the daily production is around 500 million cubic feet (14,000,000 m 3) of natural.
Palazzo ENI, Rome, built 1959–1962. [9] Photo by Paolo Monti, 1967. Eni was founded in 1953 by an existing company, Agip, which was created in 1926 with the aim to explore for oilfields, and acquire and commercialize oil and derivatives.
The Petroleum Division, part of Pakistan's Ministry of Energy, is tasked with ensuring a secure and sustainable supply of oil and gas to meet the country's economic and strategic needs. It also oversees the development of natural energy resources and minerals. [ 1 ]
Kadanwari Gas Field (Urdu: قادن واری گیس فیلڈ), located in the Middle Indus Basin of Pakistan, was discovered in 1989 and is currently operated by OMV Pakistan. OMV Pakistan took over the operator-ship of the Kadanwari Gas Processing Plant on 1 January 2003 from Lasmo, currently ENI .
Oil & Gas Regulatory Authority (Urdu: اختیاریہ برائے ضابطہَ تیل و گیس, abbreviated as OGRA) is an agency of the Government of Pakistan, responsible for regulating the oil and gas sector in Pakistan. It was established in 2002.