OMV finds gas in Pakistan

13 Oct 2015   Pakistan

Austrian energy company OMV said a new natural gas discovery in Sindh province in Pakistan means it could potentially boost production in the energy-starved country. OMV announced the discovery of natural gas in the Latif South-1 exploration well in Pakistan. Preliminary testing yielded about 2,500 barrels of oil equivalent per day. “We are very pleased with this exploration success,” Johann Pleininger, an OMV board member in charge of exploration and production, said in a statement. “The appraisal and development of this discovery will potentially enable us to enhance the production in Pakistan.” Pakistan’s aging infrastructure means the country lacks a reliable power sector. The Asian Development Bank last month backed a provisional assistance package of at least $1.2 billion per year on average through a partnership with Pakistan […]

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