Pakistani Company Strikes Major Natural Gas Deposit

A consortium of companies drilling for oil and gas in southeastern Pakistan has announced a sizeable discovery that would de-risk other prospects in the area, one member of the consortium told Pakistani media. Oil and Gas Development Company Limited made the announcement in a filing to Pakistan’s stock exchange, saying that the Akhiro-1 well was successfully tested at a rate of some 10 million standard cu ft of gas daily. OGDCL has a 20% working interest in the Sindh project, alongside operator United Energy Pakistan Limited, with 75%, Government…