Pakistani Company Strikes Major Natural Gas Deposit

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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Why No Major Oil Company Is Rushing To Drill Pakistan's Huge Oil ReservesA long exploration effort has led to the reportedly massive discovery of oil and gas reserves in Pakistan's territorial waters, but no oil majors is rushing to commercially drill those reserves
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