Pakistan has a new oil well.
GV AND LV Waste products being burned off at the Adhi oil complex (2 shots)
SV Sign at gateway "Well number 5"
GV AND LV Storage tanks with pipes and valves in foreground (3 shots)
LV, SV AND CU Oil installations (3 shots)
SV Burmah Oil and Pakistan Petroleum Limited Chairman, Mr. D.M. Keith (left) finishes speaking and shakes hands with Pakistan Oil Minister General Faiz Ali Chisti
SV General Chisti addresses gathering
LV AND SV Oil tanker lorries beneath awning (2 shots)
SV PAN Tanker lorry drives off
Script is copyright Reuters Limited. All rights reserved
Background: Pakistan has a new oil well. It is the Adhi field, some 80 kilometres (50 miles) south of Islamabad, in an area where oil was first discovered in 1978. Since then Adhi has become the country's most successful region for the production of crude oil.
SYNOPSIS: The fires above the Adhi oil complex point to Pakistan's brighter energy future. Even so, the country still relies heavily on imported crude. Some 88 per cent of Pakistan's oil requirements come from abroad, but this new well has begun to yield 2,000 barrels a day, and as a result Pakistan hopes to save some 20 million U.S. dollars in foreign exchange.
The new well is operated by the American Burmah Oil company and its local subsidiary, pakistan Petroleum Limited (PPL). The Pakistani government owns about a quarter of the PPL, with the remaining shares in private hands.
The new installations were declared open by Burmah Oil and PPL Chairman Mr. D.M. Keith, and the Pakistani Oil Minister, General Faiz Ali Chisti. Their co-operation goes back several years. Burmah Oil and the PPL have been responsible for almost the entire exploration of the Adhi field. Thanks to largely American investment, Adhi now produces 30 per cent of domestic production.
The tanker lorries carry the crude to a refinery near Rawalpindi, but before Pakistan could refine its crude, burmah Oil-PPL had to overcome the problem of its high salt content. A half-million U.S. dollar salt separator finally was flown in from Houston, Texas; as a result, pakistan can now save another 52 thousand dollars a day by refining domestically.