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To Discover Oil and Gas Pakistan among top 5 Countries Oil

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To Discover Oil and Gas Pakistan among top 5 Countries for Oil Resources. Pakistan created 2 key oil and gas discoveries within the third quarter and another 3 discoveries within the fourth quarter of 2017. In This article, I’d like to Discover Oil and Gas Pakistan among top 5 Countries for Oil Resources. Because Pakistan now for Oil and Gas Pakistan among top 5 Countries.

These discoveries might have prompt the US-based Exxon-Mobil to affix offshore drilling efforts in Islamic Republic of Pakistan. yankee energy giant’s entry in Islamic Republic of Pakistan brings advanced deep ocean drilling technology, its long expertise in offshore exploration and production and its deep pockets to the country. North American country Energy info Administration (EIA) estimates that Islamic Republic of Pakistan has technically retrievable deposits of one hundred and five trillion cuboid feet (TCF) of gas and nine.1 billion barrels of oil. Exxon-Mobil predicted to accelerate exploration and cause a lot of discoveries and exaggerated domestic oil and gas production.

Worldwide Top Countries Discovering Oil and Gas

Russia junction rectifier with ten discoveries, followed by Australia with seven discoveries and Republic of Colombia with four discoveries. Islamic Republic of Pakistan and therefore the GB every had 3 discoveries within the fourth quarter of 2017, in step with world Oil and Gas Discoveries Review. (Oil and Gas Discoveries 2H/17. Source: Offshore Technology)

In fourth quarter of 2017, the previous Soviet Union leads with twelve discoveries, followed by Asia with eight discoveries, and Oceanica with seven discoveries. Europe and South America had 5 discoveries every, followed by North America with 2 discoveries, whereas the center East and Africa had one discovery every within the quarter, in step with Offshore Technology web site.

Exxon-Mobil’s Entry in Islamic Republic of Pakistan

American energy big Exxon-Mobil has joined the offshore oil and gas exploration efforts started by Oil and Gas Development Corporation (OGDC), Islamic Republic of Pakistan fossil fuel restricted (PPL) and Italian energy big ENI, in step with media reports.

Each company can have twenty five % stake within the venture below AN agreement signed at the Prime Minister’s Secretariat in might between ExxonMobil, Government Holdings non-public restricted (GHPL), PPL, ENI and OGDCL.

Pakistan Oil Basins

A Islamic Republic of Pakistan Basin Study conducted in 2009 found that the country has six onshore and 2 offshore basins; offshore basins being the Indus basin and therefore the Makran basin within the Arabian Sea.

The Indus offshore basin may be a rift basin that geologists say developed once the separation of the Indian Plate from Africa within the late geological period. it’s believed to be the second largest submarine fan system within the world once the Bay of geographical area with high likelihood of organic compound discoveries.

The Makran Offshore basin separated from the Indus offshore basin by Murray ridge, in step with Syed Mustafa Amjad’s report in Dawn. it’s AN oceanic and continental crust geologic process zone with deepwater trenches and volcanic activity. The basin consists of oceanic crust and periodic emergence of temporary mud islands on the coast suggesting sturdy proof of huge organic compound deposits.

Pakistan organic compound Potential

The u. s. Energy info Administration (EIA) estimates that {pakistan|Pakistan|Islamic Republic of Islamic Republic of Pakistan|West Pakistan|Asian country|Asian nation} has 586 TCF (trillion cuboid feet) of gas in Pakistan of that one hundred and five TCF is technically retrievable.

In addition to gas deposits, North American country EIA estimates there square measure 227 billion barrels of oil in Islamic Republic of Pakistan with nine.1 billion barrels being technically retrievable.

Pakistan conjointly has 185 billion loads of coal deposits in Thar desert that square measure simply setting out to be extracted by Sindh Engro Coal Mining Corporation.

Oil and Gas exploration and production corporations square measure presently going to drill ninety wells in numerous elements of the country. below the set up, as several as fifty explorative and forty development wells would be trained during a bid to create the country independent within the energy sector, in step with media reports.

During the last 5 years, the sources aforesaid the exploration and production corporations trained 445 new wells, out of that 221 were explorative, adding that the exaggerated exploration activities resulted in 116 new oil and gas discoveries.

Current Account Deficits

Energy imports frame a giant chunk of Pakistan’s total imports. Rising oil costs worsen the present account deficit and place pressure on Pakistan’s reserves, forcing the country to hunt periodic United Nations agency bailouts.

Pakistan’s accounting deficit has jumped by fifty % to a record high of $14.03 billion within the initial ten months of the present twelvemonth 2018, in step with the bank of Islamic Republic of Pakistan. The country foreign $12 billion price of energy in 2017. The bill is probably going to grow with increasing demand and inflation in 2018.

Reducing energy imports by increasing domestic production can doubtless ease Pakistan’s accounting deficits and scale back its probabilities of going back to the United Nations agency once more and once more.

In Conclusion To Discover Oil and Gas Pakistan among top 5 Countries for Oil Resources

Thanks for visiting article about To Discover Oil and Gas Pakistan among top 5 Countries for Oil Resources. However if you want to read more then visit out other articles about To Discover Oil and Gas and Pakistan Oil Resources on website. We’ve even more articles on Oil Resources at Shakar Dara. However place comments bellow if any question you’ve.

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Oil and Gas Development Company Ltd OGDCL Oil companies

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Oil and Gas Development Company Ltd OGDCL Oil companies share price. In this article, I’d like to cover Oil and Gas Development Company Local news with OGDCL Oil companies share price. The article will cover Oil and Gas products in Shakardara and its surrounding area Karak which is close to Shakar Dara.

Oil and Gas Development Company Ltd OGDCL Oil companies share price

According to our limited latest Shakardara Media and local news sources. Now Oil and Gas Development Company Ltd OGDCL founded huge oil and gas at shakardara and its surrounding area. Which will help us to become fast growing for oil and gas country in the world. Due to our OGDCL development in Oil and gas now Pakistan is number 5th in the World for Oil and Gas Resources.

Oil and Gas Resources of Shakardara

Pakistan blessed several natural resources. superiority and minerals, and currently the recently discovered oil and gas are among them. Water potential tapped by building dams at varied places that, with the exception of fulfilling the irrigation needs of the country, conjointly cater for its power demand.

The province has vast deposits of oil and gas conjointly. up to now oil and gas reserves are found in its southern components as well as District Kohat and District Karak. business production in District Kohat at Shakardara (Chanda) oil/gas fields started in July, 2004. afterward additional oil/gas fields were found at Manzalai and Makori in District Karak and business production started from those fields in Gregorian calendar month, 2005 and 2006 severallY.

According to the Article 161(1) of the constitution of Moslem Republic of Islamic Republic of Pakistan royalty and excise duty on fossil fuel shall be paid to the provinces wherever the higher than natural resources situated. Transfer of royalty on oil was counseled by National Finance Commission in 1990. Article 161(1) of the Constitution reproduced as follows:-161(1):Notwithstanding the provisions of Article seventy eight Infobahn takings of the Federal duty of excise on fossil fuel levied at Well-head and picked up by the Federal Govt: and of the royalty collected by the Federal Govt: shall not kind a part of the Federal consolidated fund and shall be paid to the Province within which the well-head of fossil fuel is settled.

In accordance with Islamic Republic of Pakistan crude (Exploration and Production) Rules; 1986, the Provincial Govt: gets revenues on account of the subsequent.

• Royalty on Oil.
• Royalty on Gas.
• Gas Development Surcharge.
• Excise Duty on Gas

Royalty on oil/gas is collectable by the exploration and production firms to the govt. @12.50% of the Well-head price. it’s collectable monthly at intervals ten days of the month in question as per Rule 36(2) of the Islamic Republic of Pakistan Exploration and Production Rules 1986.

Well-head price is decided by the govt. of Islamic Republic of Pakistan once each six months. in line with that, the whole country divided into totally different zones, e.g Zone-1 is that the high risk zone and with high investment requirements; thence the worth is additionally on high facet. The gas /oil fields in NWFP ar largely in Zone-1 (Box-2). Well-Head price is directly proportional to quality. If quality of gas is nice, regardless of its amount, the worth is best and vice-versa.

Gas Development Surcharge is that the distinction between the prescribed worth and also the consumer’s worth. worth is decided by OGRA. The Gas Development Surcharge levied underneath the fossil fuel (Dev: Surcharge) Ordinance, 1967. In accordance with the same Ordinance the central needs to fix the sale worth for shoppers and prescribed worth for Gas firms on the premise of their mounted come. The distinction between shopper gas worth and also the firms prescribed costs as outlined within the fossil fuel (Development Surcharge) Ordinance, 1967 is that the margin obtainable to the govt. as Development Surcharge. The prescribed worth of Sui Northern Gas Pipeline Ltd (SNGPL) and Sui Southern gas service restricted (SSGCL) relies on the following:

• Wellhead worth of gas.
• Excise Duty at Well-head.
• Operation and Maintenance value.
• Depreciation.
• come of gas service, 7.5% (SNGPL)/ Revolutionary Organization 17 November (SSGCL), on Assets.

Royalty and Gas Development Surcharge reciprocally proportional to every alternative. In case, the Well-head price is additional, there’ll be additional royalty however less Gas Development Surcharge and contrariwise.
Box-1

OIL AND GAS IN NWFP

As of Sept; 2006, around 225,591 sq. km space is underneath exploration of Oil and Gas throughout the country out of that eleven,396 sq. km i.e. 5.1% of the entire is in NWFP that is obvious from the subsequent table:-

Oil Companies Name
Sq. km
% Share in NWFP
% Share in Pakistan
Oil & Gas Dev. Co. (OGDC)
3,897
34.2
33.6
Mari Gas Co. (MGCL)
1,473
12.9
5.3
Tullow   (United Kingdom)
2,337
20.5
3.6
MOL   (Hungary)
3,689
32.4
1.6
Total
11,396
100.0

Oil and Gas sites in NWFP falls within the Potwar Region (Map in box 2). wherever virtually all-major oil fields of the Northern region as well as Chanda, Tal block and also the recently discovered Nashpa oil and gas reserves area unit placed, that has created an environment of competition for recent exploration leases within the space. The presence of Oil and Gas Development Company restricted (OGDCL) and M/S Tullow of uk in exploration of this high risk and high price space is a lot of conspicuous. this can be followed by Pakistan fossil oil restricted (PPL), Pakistan field restricted (POL) and Mari public-service corporation restricted (MGCL).

Oil and Gas Development Company restricted (OGDCL) has the most important stake within the exploration activities within the Potwar region. Chanda oil field was the primary major discovery in NWFP within the year 1999. This was followed by Manzali and Mokori fields within the Tal block within the year 2002 and 2005 severally.
Tal block has the calculable gas reserves of two.56 Trillion cubiform feet and oil reserves of fifty eight.6 million barrels that has associate calculable lifetime of concerning 178 years for oil and 117 years for gas.
The recently discovered oil and gas reserves at Nashpa block with oil flow of four,100 barrels per day and twelve million cubiform feet per day of gas is another important discovery the Potwar region.

Status of actual receipts from the Federal Govt: since industrial production of Oil / Gas from wells settled in NWFP is given as under: –                                                                                       

(Pak Rupees. Millions)

S.No Receipt head 2004-05
(Actual)		 2005-06
(Actual)		 2006-07
(Revised Estimates)		 2007-08
(Budget Estimates)
1
Royalty on Crude Oil
263.793
492.009
1,043.865
1,198.316
2
Royalty on Gas
109.370
351.050
456.753
506.447
3
Excise duty on Gas
44.280
24.591
129.360
137.200
4
Gas Dev: Surcharge
69.828
316.229
595.952
409.657
Total
487.271
1183.879
225.930
2,251.620
•  Well-head wise production figures of oil and gas for Financial year 2004-05 to 2007-08 are as follows:-

  Oil Production ( Billion Barrels BBLS) for Financial Year 2004-    05 to 2007-08 (Estimates)

S.No

Name of well
2004/05
2005-06
2006-07
2007-08
1
 Chanda (Shakardara Kohat)
989,305
960,980
1,735,726
1,464,000
2
 Manzali (Karak)
55,135
166,445
174,971
180,072
3
 Makori (Karak)
–
185,201
353,422
599,874
Total
1,044,440
1,312,626
2,264,119
2,243,948

 Production of Gas(Million square feet-MMSCF) for Financial Year 2004-05 to 2007-08(Estimates)

S.No
Name of well
2004-05
2005-06
2006-07
2007-08
1 Chanda
(Shakardara Kohat)
4,000
2,990
3,740
5,956
2 Manzali (Karak)
4,940
17,221
17,520
18,900
3 Makori (Karak)
–
733
4,861
8,096
Total
8,940
20,944
26,121
31,952

Source:

D.G Petroleum Concessions, Ministry of Petroleum and Natural Resources, Govt: of Pakistan, letter No.Prod-24 (1) 2007 dated 12-5-2007

Ministry of crude oil & Natural Resources, Government of Asian country has set to grant production bonus to those districts wherever Oil & Gas reserves are discovered. Oil & and Gas manufacturing corporations can deposit the owed production bonus for the event of individual areas in national Treasury. The Federal Finance Division can transfer the aforesaid bonus on to the individual Provincial Government within the same manner applicable for transfer of royalty to the provinces. Upon receipt, the Provincial Government can transfer a similar quantity to individual districts.

The funds are spent in an exceedingly clear manner through crude oil Social Development Committee (PSDC). The aforesaid Committees can comprise of members, one every from the area people, representatives of government and Oil & Gas manufacturing corporations. during this regard, the Provincial Government has issue directions to DCO Kohat and Karak for gap accounts in order that upon receipt of the number, the Provincial Government could straightaway transfer a similar to their accounts.

The Provincial Government provided Rs. 511.516 Million on the idea of 50:50 matching grant for the {supply|the availability} of gas supply to 6 Southern districts throughout 2005-06. Commitment conjointly created to more offer Rs. 40.125 Million that beside the share of Sui Northern Company amounts to Rs.1103.282 Million. additionally to the present, the Provincial Government in cooperation with mole is providing funds to the tune of Rs.21.440 Million (20%) for the development of Gurguri road (District Karak).

In Conclusion of Oil and Gas Development Company Ltd OGDCL Oil companies share price

Thanks for visiting article about Oil and Gas Development Company Ltd OGDCL Oil companies share price. We’ve even more article about Oil and Gas Resources of Shakardara on web. However if you need any more information about Oil and Gas Resources of Shakardara then visit more articles on Shakardara Media and Local News.

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Shakar Dara Resources and Location of Shakardara

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Shakar Dara Resources and Location of Shakar Dara. Many people asking about the Resources and location of ShakarDara. So in this article, we will discuss Shakar Dara Resources and the Location of Shakardara. However, I am going to publish an article. Because of resources becoming a popular place for KPK day by day. Due to, Oil and Gas now the major resource of ShakarDara is Natural Gas.

Shakar Dara Resources and Location of Shakar Dara

Because of Oils and Gas, Shakar Dara is very popular in KPK Provence in Pakistan. Shakardara is located in the KPK of Pakistan province which is close to Kohat district. Shakardara is 65 Kilometer from Kohat City. Kohat is a district of KPK of Pakistan province.

Shakar Dara Resources

Therefore, the major resources of Shakardara Oil and Gas. Oil and gas are becoming popular places in Pakistan. A vast quantity of oil and gas is available in Shakardara and the surrounding area. There are three different places and their surrounding areas where oil and gas natural resources are available.

Location of Shakar Dara

Shakar Dara News provides you with local news. Both tribes Saghri and Bangi Khel Khattak. Shakardara is an administrative unit known as the “Union Council” of Kohat District in Pakistan. It is a popular village in the District of Kohat. It is one of the peaceful places where no religious war can see. 70 present population belong to defense jobs in the Pakistan Army, Pakistan Air Force, and Pakistan Navy.

Two Hearts With One Soul in the same town. It is a peaceful place where two tribes livelier Two Hearts With One Soul. Those tribe names are Saghri Khattak and Bangi Khel Khattak, located in Shakar Dara district Kohat.

LEARN MORE ABOUT SHAKAR DARA. Shakardara is an administrative unit known as the “Union Council” of Kohat District in Pakistan. Shakardara is a popular village in District Kohat. Shakardara is one of the peaceful places where no religious war can see. 70 percent population belongs to the defense job in Pakistan Army, Pakistan Air Force, and Pakistan Navy.  You can see here Two Hearts With One Soul at the same place living Saghri and Bangi Khel. Both tribes live like an as same family in Shakardara and the surrounding area.

It is located in the KPK border area. It is a big village in the district of Kohat, KPK, Pakistan..100 percent population is Sunni Muslims. Both Shri & Bangi Khel depend on the local Shakardara bazaar. Both tribes live like the as same family.

Saghri Khattaks tribe lives like Two Hearts With One Soul in hundred of different small Dhokhs (ڈهوک) and villages of KPK Provence. Most Saghri Khattaks tribe lives in many towns and their surrounding area. The Saghri Khattak tribe lives in 50+ villages close to each other.

Two Hearts With One Soul at Shakar Dara live Saghri and Bangi Khel:

Bangi Khel Khattaks tribe lives like as Two Hearts With One Soul in different small villages of Punjab Province. Most Bangi Khel Khattaks live in the Mianwali district of Punjab Province, which is very close to the surrounding area of Shakardara in the District Kohat, KPK Provence.

Although there are no excellent facilities for the people of Shakardara, we have great potential for the young generation. Youngers have amazing talent acquisition strategies. Each person has a unique ability that makes him or her to outstanding at some things & very average at others. We provide you with all events and Local Activates. We would like the cover surrounding area of Shakar Dara. Shakardara Media will publish only the true activities of both tribes.

As a new Shakar Dara Media and News user, go to the Website Dashboard for registration. Have fun!

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Gas Company Got Natural Resources But Fail to get Clean Water

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Gas Company Got Natural Resources But Fail to get Clean Water Charity at Shakar Dara. We can see many Gas Companies came in Shakara Dara but only one of Gas Company in all succeeded in Natural Resources at shakar dara. OGDC is one of the Gas Company Got Natural Resources But Fail to get Clean Water Charity at shakar dara. Now residence of Shakar Dara facing problems to get Clean Water Charity which is responsibility of OGDC Gas Company.

Gas Company Got Natural Resources But Fail to get Clean Water Charity

There are different energy companies near me close to shakra dara but OGDC is the main gas and petroleum company at Shakara Dara. After several years researching on Natural Resources Oil and Gas now OGDC Gas Company Got Natural Resources But Fail to get Clean Water for Charity which is basic requirements for have good life. Being a Natural Resources gas and oil company at main area OGDC had some Clean Water Charity programs to bring water from Indus rever to shakara dara but company fail to get Clean Water for Charity and could not succeeded. Which means no Clean Water Charity for shakar dara.

OGDC Oil and Gas Company have full control to arrange Clean Water Charity for shakar dara from Kala Bagh but no any postive progress we can see at Shakar dara. Residence of Shakardara bring water from different places through tractor tankers and paid them per trip to the tractor tanker owner. water Pipe Line from Kala Bagh to shskara dara has been broken. OGDC Oil and Gas Company can repair that water pipe but management of OGDC Oil and Gas development Company not repairing.  Only repairing of that installed water pipe can help in getting Clean Water Charity for shakar dara.

Thanks for reading article regarding Gas Company Got Natural Resources But Fail to get Clean Water Charity. Shakar Draa Media and Local News website also provide quality information about Saghri and Bangi Khel Tribe because Shakar Dara depicts Saghri and Bangi Khel Khattak. Multi Vendor eCommerce Platform for Local Vendor Portal & Local News Social Media Marketing. You can have more details regarding natural resources, private school at shakara dara and clean water for charity for shakar dara residence.

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