Author: Admin

OGDCL Announces Significant Gas and Condensate Discovery at Soghri North-1 Well in Attock, Punjab

Admin
New-OGDCL2

ISLAMABAD, March 17, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has announced a significant Gas and Condensate discovery at its Soghri North-1 well in the Soghri Block, located in the Attock district of Punjab. OGDCL is the sole of the Soghri Exploration License, with a 100% working interest.The Soghri North-1 well was spudded on May 21, 2024, as part of OGDCL’s ongoing commitment to exploring Pakistan’s hydrocarbon potential. Drilled to a total depth of 4,942 meters in the Patala Formation, the well underwent…

Read More

DISCOVERY OF HYDROCARBONS IN EXPLORATORY WELL SPINWAM-1 (KAWAGARH FORMATION) BY MARL ENERGIES LIMITED (FORMERLY MARI PETROLEUM COMPANY LIMITED) IN WAZIRISTAN BLOCK – KP PROVINCE

Admin
Mari energies

By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce second gas condensate discovery in Spinwam-1 exploration well in Kawagarh formation, drilled in Waziristan Block, located in North Waziristan district, KP Province. This follows the earlier announcement dated 25th February 2025 of the first hydrocarbon’s discovery in the same well in SumanaSukh formation.  The post acid testing of the Kawagarh formation has shown a flow of 20.485 MMSCFD of gas and approximately 117bbl/day of condensate at a 32/64” choke (Well Head Flowing…

Read More

Business Community Urges Govt to Revoke Abrupt Changes in Net Metering Policy

Admin
soalr energy

PESHAWAR:* The business community has voiced strong opposition to the government’s sudden changes in the net metering policy, warning that the move will severely hinder the growth of the renewable energy sector. They have called for an immediate reversal of the decision. Speaking on Sunday, traders criticized the drastic reduction in the power purchase rate for solar panel owners—from Rs 27 per unit to Rs 10—calling it unfair and damaging to the sector. The 63% cut, they argued, would discourage new investment in solar energy and undermine the government’s renewable…

Read More

PEL Begins Export Operations to the USA with First Transformer Shipment

Admin
Pak-Elektron

LAHORE:* Pak Elektron Limited (PEL) has officially launched its export operations to the United States, marking a significant milestone in its global expansion strategy. In a notice to the Pakistan Stock Exchange (PSX), PEL announced that its first consignment of transformers departed from Pakistan on March 13, 2025. “This achievement reflects our commitment to exploring new international markets and enhancing our global footprint,” the company stated. Founded in 1956 and acquired by the Saigol Group in 1978, PEL specializes in manufacturing domestic appliances and electrical capital goods. The company operates…

Read More

KE Board to Approve Additional Write-Off Claims Worth Rs 50 Billion

Admin
K-Electric

ISLAMABAD:* The Board of Directors of K-Electric (KE) is set to approve additional write-off claims to secure the approval of Rs 50 billion in billing adjustments for the financial years 2017 to 2023. This move aligns with an understanding reached with the Task Force on Energy, headed by Federal Minister for Power Sardar Awais Khan Leghari. The 125th KE Board meeting, scheduled for March 18, 2025, will finalize these claims for submission to the National Electric Power Regulatory Authority (Nepra). KE Chairman Mark Gerard Skelton acknowledged the urgency of the…

Read More