Karachi (Commerce Desk): New oil and gas reserves have been discovered in Khairpur district, the Oil and Gas Development Company Limited (OGDCL) has announced.
The company has submitted details of the new discovery to the Pakistan Stock Exchange.
According to OGDCL, the Butersem North West-1 well has yielded 12.8 million cubic feet of gas per day, along with 175 barrels of condensate daily.
The company said the discovery would increase the country’s indigenous gas reserves, and the newly discovered gas would soon be added to the national gas network.