KARACHI: Pakistan’s energy sector has received a major boost as Oil and Gas Development Company Limited (OGDCL) has discovered new oil and gas reserves in Khairpur district of Sindh.
Details of the discovery have been submitted to the Pakistan Stock Exchange (PSX), according to the company.
In a statement, OGDCL said the discovery was made at a well named Buttarsim North West-1. Initial production data shows that the well is currently producing 12.8 million cubic feet of gas per day, along with 175 barrels of condensate daily.
New Discovery Expected to Strengthen Domestic Gas Supply
According to an OGDCL spokesperson, the discovery is expected to strengthen Pakistan’s indigenous gas reserves and help narrow the gap between energy supply and demand.
The company further stated that efforts would be made to connect the newly discovered gas reserves to the country’s main pipeline network, also known as the national grid, as soon as possible.
Once connected, the additional gas supply is expected to benefit both industrial and domestic consumers.
The discovery marks another development in efforts to enhance Pakistan’s domestic energy resources and reduce reliance on external energy supplies.
