Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL KPOGCL Milestones Energy Sector) is making remarkable progress under the leadership of Chief Minister Ali Amin Khan Gandapur.
A meeting (KPOGCL Milestones in Energy Sector) chaired by the Chief Minister, attended by key officials including the Special Assistant on Energy and the company’s CEO, focused on the company’s corporate strategy, exploration progress, and investment opportunities.
Significant Achievement in Miran Block Exploration:
The meeting marked a significant milestone in the exploration and production of the Miran Block.
The bidding process for the block has been successfully concluded, with 49% of the shares sold to a consortium, while KPOGCL retains 51% of the shares without any associated risk.
This project is anticipated to attract direct investments of PKR 22 billion into the province, with the consortium covering all exploration costs.
Contribution of KP to Pakistan’s Oil and Gas Production
Khyber Pakhtunkhwa plays a pivotal role in Pakistan’s energy production. The province contributes:
- 42% of the country’s crude oil production, with daily output reaching 30,000 barrels per day (BPD).
- 13% of national gas production, producing 410 million cubic feet per day (MMCFD).
- 40% of the country’s LPG production, producing 800 tons per day.
New Discoveries and Strategic Investments:
KPOGCL is committed to sustainable energy growth and is actively working on multiple exploration projects.
Recent discoveries (KPOGCL Milestones in Energy Sector) have significantly boosted production, adding 180 million standard cubic feet (MMSCF) of gas and 5,550 barrels of oil per day to the province’s output.
Since its launch in 2013, the company has invested PKR 4 billion, reflecting its strong dedication to advancing the energy sector.
Budget Allocation for Future Exploration:
The provincial cabinet has approved an investment plan for the company, leading to the preparation of an annual budget.
A sum of PKR 3 billion has been allocated in the current fiscal year for exploring new blocks.
This strategic planning ensures the company’s long-term stability and its ability to contribute significantly to the provincial and national economies.
Recognition and Future Directions:
Chief Minister Ali Amin Khan Gandapur praised KPOGCL’s team for successfully completing the bidding process for the Miran Block.
He called it a significant achievement that strengthens the company and supports regional development.
He urged faster progress on hydropower projects and emphasized the need to begin surveys for small hydropower plants in the newly merged districts.
Plans to introduce solar energy systems in mosques and homes across the province were also discussed.
Conclusion:
Khyber Pakhtunkhwa Oil and Gas Company Limited is setting benchmarks in energy exploration and production.
With strategic investments, innovative planning, and consistent progress, KPOGCL is not only boosting the province’s economy but also contributing to the country’s energy security.
These achievements mark a new era of sustainable growth and development for Khyber Pakhtunkhwa.