New oil and gas reserves discovered in Waziristan

Mari Energies says discovery at the Spinam-1 well, would contribute to strengthening Pakistan’s hydrocarbon reserves.

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New gas and oil reserves have been discovered in Waziristan, marking a significant step in domestic energy exploration.

Mari Energies, the operator of the block, confirmed the discovery at the Spinam-1 well, which began drilling on 28 May 2024. The well has produced 12.96 million cubic feet of gas per day along with 20 barrels of crude oil.

The company holds a 55% stake in the Waziristan block, with Oil and Gas Development Company Limited (OGDCL) and Oil and Gas Investment Limited (OPI) as joint venture partners.

Mari Energies stated that the discovery would contribute to strengthening Pakistan’s hydrocarbon reserves.

The firm also acknowledged the support of national security agencies and both federal and provincial governments in facilitating the project.

Last year, the Pakistan Petroleum Limited (PPL) 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.