ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production firm, has successfully completed and commissioned the Jhal Magsi Development Project in Balochistan, marking a significant step toward strengthening the country’s energy supply.
According to a notice issued to the Pakistan Stock Exchange (PSX) on Monday, the project is now delivering around 14 million standard cubic feet per day (MMSCFD) of pipeline-quality gas and 45 barrels of condensate daily to the Sui Southern Gas Company (SSGCL) network.
OGDCL highlighted that development work on the project began in February 2024 after the government granted incentives, including a shift from the 1997 Petroleum Policy to the Marginal Field Gas Pricing Policy. The project was fast-tracked to help meet national energy needs despite technical and territorial challenges.
The development included installation of key facilities such as an amine unit, dehydration unit, hot oil package, power generation systems, and gathering networks.
The Jhal Magsi field comprises two wells and is operated by OGDCL with a 56% working interest, alongside joint venture partners Pakistan Oilfield Limited (24%) and Government Holdings Private Limited (20%).
OGDCL stated that the project underscores its commitment to national energy security and the sustainable development of domestic hydrocarbon resources. This project would enhance the availability of gas and revenues for the OGDCL as well.
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