During the meeting, the Board also approved the Annual Accounts for FY 2023–24, marking a historic achievement for the Company. SNGPL recorded its highest-ever profitability, with a remarkable profit before tax of around Rs. 30 billion. Profit after tax stood at an impressive Rs. 19 billion, translating into Earnings Per Share (EPS) of Rs. 29.92 […]
According to Mari Energies, the operator of the Waziristan Block, the Spinwam-1-1 well has yielded substantial oil and gas reserves, boosting the country’s hydrocarbon resources. The latest discovery has revealed an estimated 70 million standard cubic feet per day (MMSCFD) of gas and 310 barrels per day (bbl/d) of crude oil. This find is in […]
The updated schedule is designed to help consumers effectively plan their cooking and daily activities. Residents of Rawalpindi, Islamabad, and surrounding areas are currently experiencing gas load-shedding. SNGPL officials stated that after Ramadan, gas will only be available during designated mealtimes. The revised gas supply schedule permits consumers to access gas during three designated periods: […]
According to the company’s spokesperson, the well is producing 20.48 MMCFD of gas and 117 barrels of oil per day. This marks the second successful discovery from the Spinwam-1 well. The discovery is expected to help bridge the gap between demand and supply, contributing to the country’s energy needs. Earlier, in July 2024, Mari Petroleum […]
