Pakistan boosts domestic oil and gas output 

Seerat Fatima
By
Seerat Fatima
She is an author at minute mirror who shows keen interest in national breaking news and social politics.
3 Min Read

Summary

  • ISLAMABAD: Pakistan has received a significant boost in its domestic energy sector as fresh oil and gas production has commenced from a major hydrocarbon discovery in Sindh’s Sanghar district, a development expected to strengthen the country’s energy security and reduce dependence on costly fuel imports.
  • The Oil and Gas Development Company Limited (OGDCL) informed the Pakistan Stock Exchange (PSX) that commercial production has officially started from the newly developed field, marking another important milestone in efforts to enhance indigenous energy resources.
  • Officials say the additional output will help strengthen the country’s domestic oil and gas supply at a time when Pakistan continues to face rising energy demand and a heavy import bill.
AI Generated Summary

ISLAMABAD: Pakistan has received a significant boost in its domestic energy sector as fresh oil and gas production has commenced from a major hydrocarbon discovery in Sindh’s Sanghar district, a development expected to strengthen the country’s energy security and reduce dependence on costly fuel imports.

The Oil and Gas Development Company Limited (OGDCL) informed the Pakistan Stock Exchange (PSX) that commercial production has officially started from the newly developed field, marking another important milestone in efforts to enhance indigenous energy resources.

According to OGDCL, the well is currently producing around 10 million standard cubic feet of natural gas per day (MMSCFD) along with approximately 600 barrels of crude oil daily. The company holds a 62.5 percent working interest in the project, while Government Holdings (Private) Limited (GHPL) owns 22.5 percent and Orient Petroleum Inc. Limited (OPL) holds the remaining 15 percent stake.

The latest production follows another encouraging development in the same region, where the Bobby Deep-1 well recently began yielding nearly 2,000 barrels of crude oil per day. Industry experts believe these discoveries highlight the untapped hydrocarbon potential of Sindh and could encourage further exploration and investment in Pakistan’s upstream energy sector.

Officials say the additional output will help strengthen the country’s domestic oil and gas supply at a time when Pakistan continues to face rising energy demand and a heavy import bill. Increased local production is expected to reduce reliance on imported petroleum products and liquefied natural gas (LNG), easing pressure on the country’s foreign exchange reserves.

Energy analysts noted that while the new volumes alone may not eliminate Pakistan’s energy deficit, they represent an important step toward narrowing the gap between domestic production and consumption. They added that sustained exploration activities and timely development of new discoveries will be essential for achieving long-term energy security.

The government has repeatedly emphasized the importance of boosting indigenous energy production to reduce import dependence, improve the balance of payments, and support economic growth. The latest success in Sanghar is being viewed as a positive signal for the country’s exploration and production sector, with expectations that continued investment could unlock additional reserves in the years ahead.

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She is an author at minute mirror who shows keen interest in national breaking news and social politics.
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