Prominent oil and gas company Pakistan Petroleum Limited (PPL) has announced the discovery of hydrocarbon reserves at the Pateji X-1 well in the Sujawal district of Sindh.
The development was shared in a notice to the Pakistan Stock Exchange (PSX) on Friday.
“We are pleased to announce a gas/condensate discovery at the exploration well Pateji X-1 in the Shah Bandar block,” said the company.
PPL operates the Shah Bandar block with a 63% working interest, alongside its joint venture partners Mari Petroleum Company Limited (MARI), Sindh Energy Holding Company Limited (SEHCL), and Government Holdings (Private) Limited (GHPL), holding 32%, 2.5%, and 2.5% working interests, respectively.
“This marks the third consecutive discovery in the Shah Bandar block by the company,” PPL said.
The well was drilled and tested using local expertise. According to the notice, the exploration commenced on October 11, 2024, and reached a depth of 2,475 meters to evaluate the hydrocarbon potential of the Lower Goru formation’s upper sands.
PPL expressed optimism that this discovery would contribute to enhancing the country’s hydrocarbon reserves, alleviate the energy crisis, and help reduce reliance on foreign energy imports by bolstering indigenous production.
