The Pakistan Petroleum Limited (PPL) has announced the discovery of new oil and gas reserves in the Shah Bandar block located in the Sujawal district of Sindh.
The company disclosed the details of the discovery in a formal communication to the Pakistan Stock Exchange (PSX).
According to the statement, the Jhamp East X-1 well in the Shah Bandar block is yielding daily production of 10 million standard cubic feet of natural gas (MMSCFD) and over 150 barrels of light oil.
The natural reserves from the well have a pressure of 2,800 pounds per square inch (PSI) as the extracted gas is being processed at the Sujawal gas processing plant and integrated into the Sui Southern Gas Company’s system, enhancing the supply of natural gas in the region.
The Shah Bandar block has a consortium of stakeholders, with PPL holding a 63% share, Mari Petroleum owning 32%, while Sindh Energy Holding and Government Holdings (Private) Limited each hold a 2.5% stake.
Earlier, Prime Minister Shehbaz Sharif has directed authorities to ensure a continuous and reliable gas supply to domestic consumers throughout the winter season.
While addressing the concerns over reduced gas availability for households, the Prime Minister called for immediate reforms to the supply system to address these issues permanently and reiterated that providing gas to domestic consumers is a top priority for the government.
