Production begins at oil,
gas well in Potwar
Regular production of oil and gas from another well at Sadqal, OGDC's
ninth field in the Potwar region (Punjab) started on Wednesday.
Oil and Gas Development Co Ltd (OGDCL) has made an oil and gas
discovery at Sadqal Well-5, 40 km south-west of Islamabad, in District Attock. It was
announced that daily production of oil is 2500 barrels and 18.5m cubic feet of gas per
Briefing the members of the NA Standing Committee on Petroleum and
Natural Resources, officials of ministry of Petroleum and OGDC informed that geologically
it was very difficult area due to 'thrust faults' and added that OGDCL which is manned by
100% Pakistani engineers, had made discoveries at places where the foreign companies had
decided to wind up.
Drilling of 2500 metre (2.5 km) well at Charrat, 7.5 km west of Sadqal
was under process, and if successful it would be shallowest well in the area. The deepest
well in the area was 4500 metre (4.5 km) in Sadqal. Drilling of one well costs $ 8 to 10
Initially Sadqal structure was mapped on 2-D seismic data. Considering
the hydrocarbon potential of the area and for better understanding of the structural
configuration, 3-D seismic survey was carried out which showed exceptional results,
especially for mapping the reservoir formation of Margalla Hill limestone which was not
possible before on 2-D seismic and has been of great assistance for identifying different
fault blocks within Sadgal structure, they said.
Sadqal gas production has been connected with the main
Plan to bring 4.3m acres under plough
The provincial government has envisaged a master plan to bring 4.30
million acres of potentially cultivable wasteland under plough to help boost agricultural
production and meet food scarcity.
According to an official source, if cultivable wasteland is levelled
and provided irrigation water can it substantially contribute to overall yields of wheat,
sugarcane, cotton and rice other crops.
The source added that in order to achieve this target over a period of
20 years, at least 512 bulldozers and 1,006,670 tubewells would be required. Once
accomplished, this would earn an additional revenue of Rs 4,206 million from the farmers.
Farm to market roads
The provincial minister for irrigation Ch. Muhammad Iqbal has said that
the government is making allout efforts for the construction of roads from farms to grain
markets to provide facilities to the growers for transporting their products well in time
to obtain fair prices.
He said that Rs 30 million was allocated for both roads and
construction work on these would be completed within the next few months.
New horticulture system
Pakistan Agricultural Research Council (PARC) is developing a new
horticulture (fruits & vegetables) system which would generate jobs and alleviate
poverty in the rural areas. According to PARC sources, Rs 700 million would be incurred on
development of new farm technologies for production, preservation, processing and post
harvest of horticulture crops.
Mill consumption to go up on export orders
Mill consumption of cotton is expected to rise to 8.4m bales during the
current season ending Aug 31, '99 owing to a substantial increase in yarn export orders
from the Near and Far Eastern during the last quarter since June.
The figure is based on an average monthly intake of 0.700m bales by the
mill sector, with slight variations both sides depending on the export orders and local
offtake by the ancillary industry.
'The figure is about a half million more than the last couple of years
as about four dozen sick units resumed production after financial restructuring by the
banks and some others are in line with sponsors efforts', official sources said.
Project to improve cotton-wheat rotation system
The government is expected to launch shortly a project to improve
cotton-wheat rotation system including the increasing and sustaining the productivity of
these two crops.
Sources said the project will be completed within a period of 5 years
at an estimated cost of Rs 500 million.
Citing reasons for the introduction of this system, the official
sources said that after a period of sound agricultural growth in Pakistan including the
cotton and wheat, there were now visible indications that the cycle of growth is tapering
They said that the rotation system was showing signs of serious stress
and its sustainability was in doubt.
Spinners lift 8,000 bales of old crop
Spinners on Saturday purchased another 8,000 bales of the much
publicised old crop unsold cotton as ginners further lowered their asking prices to below
Rs.2,200.00 per maund without 15 percent sales tax.
Some of the deals in the old crop were done around Rs.1,800.00 per
maund depending on quality, which is said to the be lowest rate for the last two years.
The unsold stock of the old crop is depleting each day after ginners
have reduced prices and according to spinners the total has fallen to 0.150m bales but
ginners claim the figure of 0.225m bales.
Three big-lot deals of 3,300,1,800 and 1,700 bales from Khanpur and
Toba Tek Singh were finalized at Rs.2,150.00, 2,075.00 and 1,800.00 per maund
A big rate differential in the selling prices reflects both the ginner
perceptions about the developing siuation on the cotton front and deteriorating quality of
the lint in trade, said an exporter.