Toot oilfield
Encyclopedia
The Toot Oilfield is an oilfield in the Pothohar Plateau
of northern Pakistan
. It is located approximately 135 km southwest of the capital city of Islamabad
. The field was discovered in the early 1960s. Pakistan Petroleum and Pakistan Oilfields
explored the field in 1961. In 1964 the first well was drilled. The commercial production started in 1967. There are about 60 Moilbbl of oil in place with 12%-15% of which is recoverable. At its peak during 1986, the field was producing approximately 2400 barrels (381.6 m³) of oil per day.
In 2005, the Vancouver-based International Sovereign Energy signed a memorandum of understanding with the Oil and Gas Development Company Limited
, Pakistan's national oil company, to develop the Toot field.
Pothohar Plateau
The Pothohar Plateau is a plateau in north-eastern Pakistan and the western parts of Pakistan-administered Kashmir. The area was the home of the Soanian Culture, which is evidenced by the discovery of fossils, tools, coins, and remains of ancient archaeological sites...
of northern Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
. It is located approximately 135 km southwest of the capital city of Islamabad
Islamabad
Islamabad is the capital of Pakistan and the tenth largest city in the country. Located within the Islamabad Capital Territory , the population of the city has grown from 100,000 in 1951 to 1.7 million in 2011...
. The field was discovered in the early 1960s. Pakistan Petroleum and Pakistan Oilfields
Pakistan Oilfields
The Pakistan Oilfields Limited , is a subsidiary of the Attock Group of Companies, was incorporated on November 25, 1950. In 1978, Pakistan Oilfields took over the exploration and production business of Attock Oil Company. Since then, Pakistan Oilfields has been investing independently...
explored the field in 1961. In 1964 the first well was drilled. The commercial production started in 1967. There are about 60 Moilbbl of oil in place with 12%-15% of which is recoverable. At its peak during 1986, the field was producing approximately 2400 barrels (381.6 m³) of oil per day.
In 2005, the Vancouver-based International Sovereign Energy signed a memorandum of understanding with the Oil and Gas Development Company Limited
Oil and Gas Development Company Limited
Oil and Gas Development Company Limited is a state corporation of Pakistan. It was established in 1961 to prospect, refine and sell oil and gas in Pakistan. By 1966, OGDCL had emerged as the dominant prospector in Pakistan with several significant discoveries in the Indus Basin. OGDCL was...
, Pakistan's national oil company, to develop the Toot field.