The Oil and Gas Development Company Limited (OGDCL) has announced the discovery of a gas reservoir during the drilling of a well in Sindh, in a significant development for the energy sector.
According to OGDCL, the gas deposit, totalling 1.24 million standard cubic meters, has been found in Sajawal, marking a promising addition to the country's tight gas reserves. The OGDCL has written to the stock exchange and informed it of the discovery.
The discovery is expected to have a positive impact on Pakistan's energy landscape and increase the country's tight gas reserves, potentially contributing to increased domestic gas production and reducing reliance on imports.
Highlighting the significance of the find, OGDCL has emphasized in the letter to the stock exchange that the gas well is 100% owned by the company, showcasing its commitment to domestic energy exploration and development.
OGDCL promptly informed the stock exchange about the gas discovery, underscoring the company's transparency and commitment to keeping stakeholders informed about significant developments.
The discovery in Sajawal underscores the ongoing efforts by OGDCL and other energy stakeholders to harness Pakistan's natural resources and strengthen the country's energy security.
