Pakistan has hit another significant milestone with the discovery of gas and condensate from the exploration well Jhim East X-1, situated in Block 2467-16 (Shah Bandar) in District Sujawal, Sindh. This marks the second discovery in the Shah Bandar Block, showcasing the company’s prowess in unlocking the region’s hydrocarbon potential.
Operated by PPL with a 63% working interest, the Block 2467-16 Exploration Licence involves joint venture partners Mari Petroleum Company Ltd (32%), Energy Holding Company Ltd (2.5%), and Government Holdings Pvt Ltd (GHPL) (2.5%). The exploration well Jhim East X-1 was drilled to a depth of 2,545 metres, specifically targeting the hydrocarbon potential of the Upper Sand of Lower Goru Formation.
According to the stock filing on Monday, the well yielded promising results during testing. The Lower Goru Upper Sand (A Sand) exhibited a flow of 13.69 million standard cubic feet per day of gas and 236 barrels per day of condensate at a well-head flowing pressure of 2,668 psig at a 32/64“ choke. Further evaluation of the well is underway to gather essential information about its performance.
This discovery comes as a crucial addition to Pakistan’s hydrocarbon reserves and holds the potential to alleviate the ongoing energy crisis in the country. By bridging the gap between oil and gas supply and demand, PPL’s achievement not only contributes to the domestic energy sector but also presents an opportunity to save significant foreign exchange.
The success of Jhim East X-1 not only underscores the company’s commitment to indigenous expertise but also showcases the prospectivity of the Shah Bandar Block. As the energy landscape evolves, such discoveries play a pivotal role in shaping the nation’s energy security and economic resilience. PPL’s continued exploration endeavours exemplify the potential for sustainable growth in Pakistan’s oil and gas sector, paving the way for a more secure and self-reliant energy future.