New gas reserves discovered in Balochistan

The new gas reserves were discovered in the Uch Sharif area of Dera Bugti


News Desk December 03, 2024
The extraction of hydrocarbon from the tight gas reserves economically poses a challenge. PHOTO: FILE

Pakistan's Oil and Gas Development Company Limited (OGDCL) has commenced gas production from newly-discovered reserves in the district of Dera Bugti, Balochistan, with the facilitation of the State Investment and Finance Corporation (SIFC).

According to Express News, the collaboration between SIFC and OGDCL has led to important progress in the energy industry. The focus of SIFC has been to contribute to the stability and growth of Pakistan’s energy sector.

The new gas reserves were discovered in the Uch Sharif area of Dera Bugti. OGDCL drilled a well to a depth of 1,345 meters, resulting in the discovery of natural gas. The production capacity of the reserves is estimated at 5 million standard cubic feet per day.

OGDCL’s Uch Gas Processing Plant will now supply gas to Uch Power Limited, which is expected to boost the company’s economic performance with anticipated profits of up to Rs41.02 billion.

In a statement, OGDCL highlighted that the company is focused on increasing production to ensure national energy security and promote sustainable development.

The company had previously discovered gas reserves in the district of Khairpur, Sindh, further contributing to Pakistan’s energy security.

COMMENTS (3)

Azhar | 6 months ago | Reply is this a private dicovery if not why the reserves shoukd fed into a private power producer to boost ots profit instead of compressing it and transporting it to public sector usage
Mansoor Humayon | 7 months ago | Reply What is the exact role of SFIC in this venture of 5 mmmcfd gas from Uch field Further it is not Uch Sharif only Uch. Uch Sharif place is near Bahawalpur Punjab
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