Earthquake in Balochistan not to affect oil, gas reserves
The powerful earthquake which hit Balochistan in wee hours of Wednesday will not affect oil and gas reserves there, a senior geologist told The News.
Most of the damage has been caused in and around picturesque Ziarat which does not has any major hydrocarbon reserve, said Pakistan Association of Petroleum Geoscientists (PAPG) Chairman, Syed Wamiq Bokhari. “(Extent of) impact depends on strength and location of the earthquake,” he said, adding “I do not think it will have any significant affect.” Ziarat block has low drilling density as far as oil and gas exploration activity is concerned, according to Capital One Equities Head of Research, Saad Bin Ahmed.
“Oil and gas production statistics from Pakistan Petroleum Information Services (PPIS) do not show any production from Ziarat block,” he said, adding country’s reserves estimate do not include those available in Zairat.
Economically-backward Balochistan rely mainly on royalty it receives on gas to meet the expenditures. Marble quarries have also remained safe from the earthquake, exporters said.
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November 11th, 2008 at 6:12 pm
i am shair agha form pakistan international human rights organization prasident quetta balochistan.