The Toot Oilfield is an oilfield located in Punjab Pakistan. It is located approximately 135 km (84 mi) 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, and in 1964 the first well was drilled. Commercial production started in 1967. There are about 60 million barrels (9,500,000 m3) of oil in place with 12%-15% of which is recoverable. At its peak during 1986, the field was producing approximately 2,400-barrel (380 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.[1]
See also
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References
edit- ^ "International Sovereign Energy Inks Deal for Toot Oilfield". Rigzone. 5 January 2005. Retrieved 17 September 2020.
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