In a significant development for Pakistan’s energy sector, the Sawan South Joint Venture has announced the discovery of a promising gas reserve in the Akhiro-1 well, located in District Khairpur, Sindh Province. This discovery was revealed in a stock filing by the Oil and Gas Development Company Limited (OGDCL) on the Pakistan Stock Exchange (PSX) today.

The Sawan South Joint Venture, led by United Energy Pakistan Limited (UEPL) as the operator, includes key stakeholders such as Oil and Gas Development Company Limited (OGDCL) with a 20% working interest, Government Holding Private Limited (GHPL) with 2.5%, and Sindh Energy Holding Limited (SEHL) also holding 2.5%.

The Akhiro-1 well, which was spudded on June 15, 2024, has been successfully drilled to a depth of 12,442 feet measured depth (MD). The well has demonstrated a successful test rate of approximately 10 Million Standard Cubic Feet per Day (MMSCFD) of gas, with a choke size of 24/64″ and a Wellhead Flowing Pressure (WHFP) of 4000 Pounds per Square Inch (Psig).

This discovery not only enhances the potential for further exploration in the Sawan South Block but also contributes significantly to improving Pakistan’s energy security by tapping into indigenous resources.