OGDCL Discovers New Natural Gas Reserves in Shahou-1 Well, Sindh
Pakistan’s leading exploration and production company, OGDCL, has announced the discovery of new natural gas reserves in the Shahou-1 well, located in the Khairpur district of Sindh. This significant find, made on August 18, 2024, is expected to yield approximately 10 million standard cubic feet of gas per day from the Sawan South block.
The discovery marks a vital step in enhancing Pakistan’s energy security and increasing local hydrocarbon reserves. With the country facing ongoing energy challenges, this new resource could play a crucial role in meeting the growing demand for natural gas.
In a positive outlook for future exploration, OGDCL, along with its joint venture partners, is optimistic about further discoveries in the region. The company has also reported a post-tax profit of PKR 208.98 billion for the fiscal year ending June 30, 2024, underscoring its robust financial performance amidst a competitive energy sector.
This discovery not only bolsters the domestic energy supply but also reflects OGDCL’s commitment to exploring and developing the country’s natural resources, paving the way for a more sustainable energy future for Pakistan.
Stay tuned for more updates on this significant development and its implications for Pakistan’s energy landscape.
