Large oil and gas deposit discovered in Sindh

PPL has discovered a large oil and gas deposit in Sajawal district of Sindh province.

According to the spokesperson of Pakistan Petroleum Limited, oil and gas reserves have been discovered in Sajawal district of Sindh in record time.

State Bank received a loan of 500 million dollars from the Asian Development Bank

12.4 million standard cubic feet of gas will be released from the well per day, according to PPL spokesperson, 196 barrels of crude oil will also be obtained from the well per day.

In this discovery, PPL’s ​​share is 63% while Mari Petroleum’s share is 32%. In the well, Sindh and the federal government also have 2.5% share. PPL has informed the stock exchange by writing a letter.