ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Sui Gas Field is a natural gas field near Sui in Balochistan Province, Pakistan that is operated by Pakistan Petroleum Limited. Sui gas field was discovered in 1952, its current production is 8.5 million cubic metres (300 million cubic feet) per day at standard conditions.

Detailed explanation-2: -Pakistan’s first gas field was found in the late 1952 in Balochistan near a giant Sui gas field. The Toot oil field was not discovered until the early 1960s in the Punjab.

Detailed explanation-3: -The Sui gas field in northeast Baluchistan was discovered by a test well completed by Pakistan Petroleum Limited in 1952. After the drilling of five more wells on the large exposed dome, the reserves of recoverable natural gas were estimated to be 4–5 million million cubic feet.

Detailed explanation-4: -The Sui Gas Field is located in the Balochistan Province about 50 miles north-north-east of the town of Khairpur. The field was discovered, by Pakistan Petroleum Limited in 1952, as a result of drilling over an exposed anticline.

Detailed explanation-5: -Gas Reserves in Pakistan Pakistan has proven reserves equivalent to 12.0 times its annual consumption. This means it has about 12 years of gas left (at current consumption levels and excluding unproven reserves).