New gas and oil reserves have been discovered by Mari Energies Limited in Waziristan, Khyber Pakhtunkhwa.
The company announced this discovery on Tuesday in a letter to the Pakistan Stock Exchange (PSX)
“This discovery follows our previous announcements on 25ᵗʰ February 2025, 17ᵗʰ March 2025, and 3ʳᵈ April 2025, communicating hydrocarbon discoveries in the Samanasuk, Kawagarh, and Hangu formations, respectively, in the same well,” the letter stated.
The company further said that the testing program of all the target formations in the well was concluded.
“MariEnergies is the Operator of Waziristan Block, having 55% working interest along with Oil and Gas Development Company Limited and Orient Petroleum Inc. as joint venture partners having 35% and 10% working interest respectively.”
Earlier in April, it had announced the discovery of gas and condensate at exploration well Spinwam-1- in the Waziristan Block, KP, from the Kawagarh Formation, while the new reserves were found at the Spinwam- Lockhart Formation in the Waziristan Block.
