Sindh- land of unlimited natural resources
In a major development, the Energy Information Administration (EIA), the USA federal authority on energy statistics and analysis, has estimated new recoverable shale gas deposits of more than 105 trillion cubic feet (TCF) and more than nine billion barrels of oil in Pakistan. These estimates of recoverable hydrocarbon reserves are many times larger than so far proven reserves of 24 TCF for gas and about 300 million barrels for oil. Pakistan presently produces roughly 4.2 billion cubic feet of gas and about 70,000 barrels of oil per day. A government official said the new estimates shown to be ‘very very encouraging’ but it had not been shared with the government of Pakistan. He told the shale gas had seen tremendous developments in the United States and a couple of other countries were trying to use the latest technology. Pakistan, he said, was also encouraging searching and manufactures companies to venture into these horizon. According to a June ...