Major Gas Find in Khairpur District
OGDCL is Pakistan’s premier exploration company. It announced a massive new resource discovery recently. The find involves significant natural gas reserves in Sindh. The location is the Shahou-1 well in Khairpur district. This specific discovery occurred on August 18, 2024. It is located within the strategic Sawan South block. This OGDCL Gas Discovery Sindh is a vital step forward.
Expected Yield of 10 Million Cubic Feet
The new well is expected to yield substantial gas flows. The estimated output is 10 million standard cubic feet per day (MMscfd). This significant volume will feed directly into the national grid. The country faces ongoing, persistent energy challenges. This new resource will play a crucial role immediately. It helps in meeting Pakistan’s rapidly growing demand for gas.
Robust Financial Health Supports Exploration
The discovery coincides with OGDCL’s robust financial results. The company reported strong post-tax profits recently. For the fiscal year ending June 30, 2024, profits hit PKR 208.98 billion. This strong performance underscores the company’s stability. Such financial health is vital for capital-intensive exploration work. It allows OGDCL to commit further resources to exploration. The company operates robustly in a competitive energy sector environment.
Optimism for Future Discoveries (H3)
OGDCL maintains a very positive outlook for future exploration efforts. The company is working closely with its joint venture partners. They are highly optimistic about further discoveries in the region. This continued success is crucial for long-term energy planning. This OGDCL Gas Discovery Sindh strengthens their position in the Sawan South block.