Pakistan drillers fail to reach fiscal year target

摘要

Karachi-Pakistan's upstream companies drilled only 42 wells in the 2010-2011 (July-June) fiscal year due to issues with security and a persisting "circular debt" problem, a Ministry of Petroleum official said June 24. The government had set the companies a target of drilling 80 wells in 2010-2011. But only 12 exploratory wells and 30 appraisal/ development wells were drilled in the year, against targets of 29 and 51, respectively, the official said.