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Govt taking all out efforts to harness country’s tight and shale gas potential: Hammad Azhar

December 16, 2021

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Govt taking all out efforts to harness country’s tight and shale gas potential: Hammad Azhar

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December 16, 2021
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BOI, in collaboration with Pak Embassy, USA organises an online investment seminar on the abundant  investment opportunities available in Pakistan
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ISLAMABAD, December 16: The 27th Annual Technical Conference of Society of Petroelum Engineers (SPE Pakistan Section) and PPakistan Association of Petroleum Geoscientist (PAPG) was inaugurated at Serena Hotel, Islamabad by the Honorable Federal Minister for Energy of Islamic Republic of Pakistan, Mr Hammad Azhar. The Chief Guest was greeted by Chairman Conference and Chairman SPE Pakistan Mr Shahid Salim Khan, Vice Chairman Conference and Director SPE Pakistan Dr Fareed Iqbal Siddiqui, Chairman Technical Program and Director SPE Pakistan Dr Saeed Khan Jadoon and Chairman PAPG Mr Iftikhar Rizvi. Theme of the conference is “Indigenous Resources & Energy Dynamics of Pakistan”. Welcome note was delivered by Chairman Conference and Vote of Thanks was presented by Chairman Technical. The Honorable Federal Minister for Energy while addressing the Conference delved into the details of the steps being taken by Government to address the energy requirements of the country. He explained the steps being taken by the government for timely bidding round of exploration blocks including the offshore blocks. The present Government is making all efforts for better policiesto harness the tight gas and shale gas potential of Pakistan. He said that currently our gas reserves are being depleted and no major discoveries of oil and gas have been found to replenish the depleting reserves. All E & P companies should make efforts for finding oil and gas reserves in the country. He highlighted that the import of LNG is to fill the gap between supply and demand. The event is attended by a large number of professionals from the E&P industry, service industry and academia annually. The event is being held regularly since 1994 and could not be held in 2020 due to pandemic. This year the event is being held in combination of nominal physical and mostly online participation with overall more than 1000 participants.
In the conference about 16 technical papers are being presented by the professional from Pakistan and abroad. The technical paper addressed the various prevailing issue related to Drilling Technology, Reservoir Engineering, Field Development and Geological and Geophysical findings. This technical innovative methodology presented in the conference will certainly help in improving drilling operation, improve oil recovery and prospect generation that ultimately will lead to more oil and gas discoveries. Every discovery of oil and gas will help the country to reduce the import bill of the country. Pakistan is blessed with all kind of energy resources, unexplored huge sedimentary basin including offshore and onshore, huge coal reserves, hydel, solar, wind and geothermal. – PR
It was stressed in the conference that indigenous energy resources of the country must be developed to meet the energy requirement of the country. All Exploration & Production companies, and companies relating to other resources of energy have to work aggressively for the provision of the energy to the country. In the conference lifetime achievement awards were given to the professionals of the academia and industry in area of Geoscience and Petroleum Engineering. In Geoscience Category, Mr. Waseem Zubairi from Petroleum Industry and Professor Dr. Muhammad Nawaz from Geology Department, University of Punjab were given the lifetime achievement award whereas in Petroleum Engineering Category lifetime achievement award was given to Shamim Bhatti from the Industry and Professor Inamullah from UET Lahore.-PR

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