Mari Petroleum has announced the discovery of substantial oil and gas reserves in Sindh, marking the first oil find in 47 years .
The discovery, made at the Shawal-I well, is a significant breakthrough for the company and the nation’s quest for energy self-sufficiency ¹.
According to reports, the newly discovered well is expected to yield 2.5 million standard cubic feet of gas per day, along with an impressive output of 1,040 barrels of crude oil per day .
Mari Petroleum, which holds full ownership of the gas well, has written a letter to the stock exchange, confirming the groundbreaking discovery and its implications for the energy landscape in Pakistan .
Meanwhile, Pakistan Petroleum Limited (PPL), a state-owned company, has informed the government and shareholders about significant advancements in the country’s oil and gas sector .
PPL reported an increase of 530 barrels per day in oil production and a boost of 17 million standard cubic feet per day in gas production .
The recent discoveries are a welcome development 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 .
With the latest discoveries of gas, Pakistan’s self-sufficiency in gas increased from 71.3 percent to 76.26 percent during the November 24-30 period .
