Pakistan Oilfields Limited (POL) has made a significant discovery of new oil and gas reserves at the Razgir-1 well in Kohat, Khyber Pakhtunkhwa.
The company announced that the well has tested positive for oil and gas, with initial estimates suggesting substantial reserves.
This discovery is a major boost to Pakistan’s energy sector, which has been facing challenges in meeting the country’s growing energy demands.
The Razgir-1 well is located in the Kohat district, an area known for its rich hydrocarbon reserves. POL has been actively exploring the region, and this discovery is a testament to the company’s efforts to tap into Pakistan’s untapped energy potential.
The new reserves are expected to contribute significantly to the country’s oil and gas production, helping to reduce reliance on imported fuels and mitigate the impact of global price fluctuations.
The discovery at Razgir-1 is a welcome development for Pakistan’s economy, which has been struggling with energy shortages and high fuel costs. The new reserves will help to increase domestic energy production, reduce the trade deficit, and create jobs in the energy sector.
