OGDCL and MARI-backed Lundali‑1 Well Begins Gas Production in Sindh
The Lundali‑1 exploratory well in the Sukhpur‑II Block has started delivering 10 MMscfd of natural gas to Sui Southern Gas Company, boosting indigenous supply.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Oil & Gas sector gains from new indigenous gas supply; Buy bias on OGDC, MARI, SSGC.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- Oil & GasPositively affected
- PowerPositively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas, Power — Positive · Buy bias. PSX tickers: OGDC, MARI, SSGC. Oil & Gas sector gains from new indigenous gas supply; Buy bias on OGDC, MARI, SSGC.
Full Story
Open on Business Recorder## Production Commences
Oil and Gas Development Company Limited (OGDCL) and Mari Energies (MARI) announced that the Lundali‑1 exploratory well, located in the Sukhpur‑II Block of Sindh, has been commissioned and began gas production on 6 September 2026.
## Output and Supply
The well is delivering 10 million standard cubic feet per day (MMscfd) at a wellhead pressure of 2,000 psi. All gas is being supplied to Sui Southern Gas Company Limited (SSGC) for onward distribution.
## Joint‑Venture Structure
The Sukhpur‑II Block, situated in the Kirthar Foldbelt Basin about 270 km north of Karachi, is operated by Prime Global Energies Limited (25 % working interest). The remaining partners are OGDCL (30 % working interest), Mari Energies (30 % working interest) and Turkish Petroleum Overseas Company Limited (15 % working interest).
## Legal Framework
The Petroleum Concession Agreement and Exploration Licence for the block became effective on 2 December 2025, allowing the current joint‑venture to bring the well on‑stream.
## Market Implications
The additional indigenous gas contributes to Pakistan’s national energy supply, supporting the outlook for the domestic oil‑and‑gas sector and reducing reliance on imported fuel.
## Company Profile
OGDCL remains Pakistan’s largest exploration and production (E&P) company, holding over 40 % of the country’s awarded acreage.
*All figures are based on the companies’ filings to the Pakistan Stock Exchange.*