Gas discovered in Pakistan

Gas discovered in Pakistan

KUALA LUMPUR (AFP): Malaysia's national oil company Petronas
said Wednesday it had made its first gas discovery in Pakistan in
a joint venture with two local entities.

Petroliam Nasional Bhd. (Petronas) in a statement said gas was
discovered on August 7 in the Rehmat-1 well in the Mubarak block
in the Sindh province.

Petronas' unit, PETRONAS Carigali (Pakistan) Ltd., is the
operator of the Mubarak block with 57 percent equity, Lasmo Oil
Pakistan Ltd. holds 38 percent and Government Holdings Ltd. five
percent.

The well, spudded in May, is producing gas at a maximum rate
of 25.6 million standard cubic feet daily. Petronas said more
exploration work in terms of seismic data and new wells were
needed to determine the gas volume.

Apart from the Mubarak block, PETRONAS Carigali is also the
operator of two other oil and gas ventures in the Sindh and
Balochistan provinces.