Pakistan drill 116 Oil Gas wells next fiscal year

ISLAMABAD: The government has set a target of domestic production of 43.8 million barrels of crude oil and 1.51 trillion cubic feet gas for the next fiscal year.The demand and supply gap in both oil and gas sectors will be filled through import of petroleum products, Radio Pakistan reported officials as saying.The indigenous gas supply will be supplemented through LNG imports to the tune of 4.5 million tones. They said the annual production of crude oil stood at 32.03 million barrels in the outgoing fiscal year.The officials said a total of one hundred and sixteen oil and gas wells will be drilled by the exploration and production companies in the next fiscal year to enhance the domestic oil and gas production.Giving details of the projects of Sui Northern and Sui Southern Gas Company Limited, the officials said the two companies plan to add over four hundred thousand new consumers to their systems.In addition, the gas companies have also plans to lay down about six thousand kilometer of new transmission pipelines in their networks.