ISLAMABAD (APP) - The oil and gas production has witnessed increase by 4 per cent and 2.9 per cent respectively during the current financial year as compared to the corresponding year 2007. The oil production in fiscal year 2008 was recorded at 71,120 barrels per day (bpd) as compared to 68,374 bpd last year, official sources said on Tuesday. While gas production of the country stood at 4,039 million cubic feet per day (mmcfd) in 2008 versus 3,927 mmcfd last year, whereas LPG production fell by 1.7pc year on year to 1,517 tons per day (tpd). At present about 26 national and international companies are operating in the country to explore new reservoirs of oil and gas to meeting growing demand in energy sector. The sources added that success rate in oil and gas exploration is 'very high' in Pakistan as compared to other discoveries at the international level. "There is success after almost every three to four drillings, while at international level discovery comes after eight to ten attempts," a senior official of the Ministry of Petroleum and Natural Resources said. Nine discoveries had been made throughout the country during the period of July-2007 to March-2008, he added.