Pakistan’s energy sector received a welcome boost with the discovery of a new gas reservoir in the Khairpur Latif block of Sindh province.
This positive development comes as the country strives to improve its natural gas reserves and meet domestic energy demands.
The well, which commenced drilling on May 4, is now producing 11.27 million standard cubic feet of gas per day.
The well drilling process began in May 2024, and the recent find is a welcome result of the collaborative efforts between PPL and two private companies involved in the project.
This discovery is a joint venture between Pakistan Petroleum Limited (PPL) and two other private companies.
The consortium has communicated this breakthrough to the Pakistan Stock Exchange (PSX), highlighting its potential to bolster the country's natural gas reserves and improve the supply situation.
This news is a significant boost for Pakistan's energy sector, which has been grappling with natural gas shortages in recent years. The discovery of this new gas reservoir is expected to contribute to increased gas production and potentially lead to more stable energy supplies for the country.
