30 Trillion Cubic Feet of Gas Lying Trapped in Tight Reservoirs of Pakistan
Written by www.daily.pk
The natural gas in excess of 30 Trillion Cubic Feet may be lying trapped in the Tight Reservoirs of Pakistan. There is a need to further develop local and foreign exploration and production companies and service sector to further strengthen the oil and gas producing capacity of the country, said a senior official sources in the Ministry of Petroleum and Natural Resources.
According to Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) Technical Expert Committee the tight reservoirs are of poor quality and therefore require additional effort and expensive technologies to recover gas from them.
As the cost is very high, it becomes economically prohibitive for the oil companies to produce gas from these reservoirs.
Modern technologies and improvements in fiscal terms will make recovery of gas from some of the tight reservoirs economical and help meet, to some extent, Pakistan’s deficient energy needs.
An expert in the petroleum sector explained that Tight Reservoirs are successfully being produced in several countries of the world and their experiences should be utilized to discover more oil and gas.
He said there is a need to look at ways to produce substantial gas reserves that are currently trapped in tight reservoirs in Pakistan.
Various solutions, different technologies and fiscal incentives can be deployed to untap this gas, he added.