Govt drills 131 oil, gas wells in last 5 years - Pakistan Daily Times

ISLAMABAD: To increase local production of oil and gas, the government has drilled 131 exploratory wells in different parts of the country during last five years.

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Officials in the Ministry of Petroleum and Natural Resources told Daily Times that the production of oil and gas in the country is less than the demand. However, the government has taken a number of measures to enhance oil and gas production activities in the country. Exploration licenses over 30 blocks were signed during the last calendar year in 2010. The Petroleum Exploration and Production Policy 2011 is in the offering to provide additional incentives to the investors for exploration of oil and gas in Pakistan. These additional incentives would take care of extra risk taken by exploration and production companies for doing business under the present security, law and order problems.

Govt drills 131 oil, gas wells in last 5 years - Pakistan Daily Times