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Pakistani Company Strikes Major Natural Gas Deposit

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Oil And Gas,Exploration,Discovery

A significant gas discovery in southeastern Pakistan offers hope for reduced reliance on energy imports, but significant investment is needed for development.

A consortium of companies drilling for oil and gas in southeastern Pakistan has announced a sizeable discovery that would de-risk other prospects in the area, one member of the consortium told Pakistani media. Oil and Gas Development Company Limited made the announcement in a filing to Pakistan’s stock exchange, saying that the Akhiro-1 well was successfully tested at a rate of some 10 million standard cu ft of gas daily.

has a 20% working interest in the Sindh project, alongside operator United Energy Pakistan Limited, with 75%, Government Holding Private Limited with 2.5%, and Sindh Energy Holding Limited, also with 2.5%.

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