The Minister said: “Drilling for oil and gas exploration by an energy company has reached the lowest layer and has entered the final phase and indicates the discovery of large reserves. But the final word in this regard is expected next month. A gas purchase agreement was previously signed by the managing directors of the National Iranian Oil Co. and the Pakistan Interstate Gas System, set up by the Pakistani government for the project. Pakistan`s first gas field was found in late 1952 in Balochistan, near the huge Sui gas field. The toot oil field was not discovered in Punjab until the early 1960s. It covers 122.67 square kilometers (47.36 square miles). Pakistan Petroleum and Pakistan Oilfields explored and began drilling in 1961 with Soviet assistance, and activities in the Toot oil field began in 1964.   According to another estimate, the country`s reserves of 300 million barrels of proven oil are largely in the province. Other sources are estimated at six trillion barrels of its oil reserves, both onshore and offshore. Other statistics indicate that there are about 50 billion barrels in the form of slate reserves in the region.
With the exception of the Sui gas fields, no foreign or domestic drilling company has managed to drill along Pakistan`s border with Iran: one of the reasons given is the guarantee and the second reason is that no major oil company has obtained a license. Although Iran has no reason to oppose drilling in Balochistan, it may react negatively to oil drilling in Balochistan: it has already strongly opposed Saudi Arabia`s proposed investment in Balochistan. However, if Iran targets Pakistan, the West will protect its investments in Balochistan and will not miss any opportunity to mitigate Iran`s misadventures/steps. If Tehran attacks Pakistan in any way, the Gulf Cooperation Council (GCC) countries will not be sitting on the fence, while world powers will have an axe to sand. If there is evidence that Balochistan has oil and gas reserves, why has exploration, production and drilling activities in the province been too slow so far? Why has the country still not implemented an extensive onshore and offshore oil exploration program in Balochistan? What have been the pitfalls, barriers or restrictions in exploiting the province`s energy potential? It is undeniable that timid investments in the oil and gas sector and security concerns in the province have been the main reasons for slower growth in the sector, but there is probably another problem related to Iran`s reserves and concerns about drilling oil wells in Balochistan. . . .