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Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, has discovered hydrocarbon reserves in Shah Bandar Block, located in the district of Sujawal, Sindh.

The E&P shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday.

“We are pleased to disclose that Pakistan Petroleum Limited (PPL) has made a gas and condensate discovery from exploration well Jhim East X-1, in Block 2467-16 (Shah Bandar), located in District Sujawal, Sindh Province,” read the notice.

The company shared that this is the second discovery of hydrocarbon reserves in the Shah Bandar Block.

Sharing the details of the said discovery, PPL shared that the Block 2467-16 (Shah Bandar) exploration license is operated by itself with 63% working interest (WI) along with joint venture partners Mari Petroleum Company Limited (MPCL) with 32% WI, Sindh Energy Holding Company Limited (SEHCL) and Government Holdings Private Limited (GHPL) with 2.5% WI each.

“The exploration well Jhim East X-1 was drilled to a depth of 2,545 meters to test the hydrocarbon potential of Upper Sand of Lower Goru Formation. Based on the drilling results and acquired wire-line logs, potential hydrocarbon bearing zones were identified.

“During testing of Lower Goru Upper Sand (A Sand), the well flowed 13.69 million standard cubic feet per day of gas and 236 barrels per day of condensate at a wellhead flowing pressure (whfp) of 2,668 psig at 32/64” choke,“ added the notice.

PPL shared that the well is being further evaluated to get the necessary information about its performance. It added that the well was drilled and tested by utilizing indigenous expertise.

“This discovery will add hydrocarbon reserves and also enable the energy sector to reduce the gap between the supply and demand of oil and gas during the current energy crisis in the country and will save significant foreign exchange for the country,” PPL said.

PPL saw its profit-after-tax (PAT) jump nearly 79%, as it clocked in at Rs97.22 billion for the year ended June 30, 2023. In the same period last year, the exploration and production company saw PAT of Rs54.35 billion.


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Love Your Country Nov 20, 2023 03:28pm
How much foreign exchange will be saved?
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Aamee Nov 20, 2023 04:45pm
@Love Your Country , Roughly USD 40 to 50 Million a year (from this well only, I guess), So cheers...
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Imam Bakhsh Nov 20, 2023 09:55pm
Mashallah.. Congratulations to PPL on such a great discovery this will certainly contribute to minimise energy crisis in Pakistan.
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Asghar Sajjad Nov 20, 2023 11:46pm
Great news. Small discoveries like this often will make a big difference in the economy of Pakistan. Good luck. Asghar Sajjad.
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Muhammad kamran Nov 21, 2023 09:02am
Many many congratulations PPL team weldone great job
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Muhammad kamran Nov 21, 2023 09:05am
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Faseeh ur Rehman Ansari Nov 21, 2023 09:36am
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KhanRA Nov 21, 2023 10:54am
Rather than dig up the country looking for drops of oil, we should encourage a shift to renewables. We have very little oil, but lots and lots of sunshine. Electrify the railways as every other country does, build mass transit, and you’ll see inflation and economic resilience will greatly improve. The car and motorway “let’s mimic Dubai” approach to development is leading us to ruin.
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