Govt targets 43.8 mln barrels domestic crude oil production in 2016-17


ISLAMABAD, June 6 (APP): The Government targets to produce 43.8 million barrels of domestic crude oil and 1.51 trillion cubic feet gas per annum during the financial year 2016-17, official sources said.

The supply demand gap in both oil and gas sectors would be filled through import of crude oil and petroleum products.

“The indigenous gas supply would be supplemented thorough LNG imports to tune of 4.5 million tonnes”, the sources added.
Highlighting the programmes for promotion of fuel sector, the sources added that the total of 116 wells including 52 exploratory
and 64 development were planned to be drilled by the exploration and production (E&P) companies.

The seven existing oil marketing companies (OMCs) would construct ten new oil storages at six locations, they added.

The sources said that the upgradation projects of Attock Refinery Limited (ARL) to enhance refinery capacity by 10,400
barrels per day (BPD),Premier Motor Gasoline (PMG) by 20,000 Tons per month and Euro-II 0.05 per cent Sulphur HSD, were expected to be completed by the end of 2016.

Similarly,they said, the other refineries i.e. National Refinery Limited (NRL) and (PRL) would complete their up-gradation projects by June 30, 2017.

Both Sui Northern Gas Pipelines Limited (SNGPL), and Sui Southern Gas Pipeline Limited (SSGCL) have plans to add total of
412,058 new consumers to their respective systems during the year 2016-17, the sources added.

In addition, they said SNGPL and SSGCL have plans to lay down 6,032 Km of new transmission, distribution and service pipelines in their respective networks.

The sources said that in order to transmit the imported LNG to up-country, and SSGCL would construct 42″ dia 342-km pipeline from Karachi(Pakistan) to Khirpur (Nara) for transporting 1.2 BCF RLNG dedicatedly to SNGPL.

The project,they said was expected to be commissioned by December 2016. Moreover, they said 4LPG Air Mix Plants would also be installed.

“The Gwadar-Nawabshah Natural Gas Pipeline and LNG Terminal at Gwadar are being actively pursued to be completed by 2018”, they remarked.

The official sources said that during 2016-17 the LNG import was planned to be increased to 4.50 million tons/annum, in order to enhance import capability of country with regard to LNG, another LNG Terminal was being undertaken by (PLTCL) established by the Government.

The bids for 2nd Terminal were invited by PLTL and were under evaluation by the company,they remarked.

They said that the (TAPI) gas project activities including finalization of transit fee,
gas transport agreement and appointment of EPC contractor would be implemented during 2016-17.

The implementation on Iran Pakistan (IP) project would be reviewed in consultation with the Iranian counterpart and
accordingly a revised implementation framework would be devised.

The sources added that an amount of Rs 143 million has been allocated in PSDP 2016-17 for the following two projects of
Geological Survey of Pakistan.

The projects ,they said were appraisal of newly discovered coal resources of Badin Coal Field and its adjoining areas of
Southern Sindh, exploration of Tertiary Coal in Central Salt Range, Punjab.

The Sindh Engro Coal Mining Company (SECMC) with their Chinese contractors would continue its mining project of 3.8 million tons per annum capacity for supplying Thar coal to 2x 330 MW power plant at Block-II About 40 million cubic meters of over burden would be removed while under dewatering operations mine would be dewatered to the tune of 35 cusecs per day.

The official sources further said that Khyber Pakhtunkhwa Oil and Gas Company Ltd (KPOGCL) has planned to execute Basin Studies of Khyber Pakhtunkhwa and Establishment of Khyber Pakhtunkhwa Hydrocarbon Research Centre (KPHRC).
The Government of Punjab,they said has also established Punjab Energy Holding Company (PEHC) to cater for Oil and Gas exploration n the province in close collaboration with the Director General Petroleum Concession, Ministry of Petroleum and Natural Resources (MPNR), they said.

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