PAKISTAN
MariEnergies has successfully commenced gas and condensate production from the Shewa discovery, located in the Waziristan Block, under the Extended Well Testing (EWT) phase. This follows the completion of the gas transmission pipeline by Sui Northern Gas Pipelines Limited (SNGPL).
Currently, the production rates stand at 26 MMSCFD of gas and 244 BBLs/D of condensate, with output gradually increasing to its full potential as the gas processing plant stabilizes its operating parameters and export systems.
MariEnergies operates the Waziristan Block with a 55% working interest, alongside Oil and Gas Development Company Limited (35%) and Orient Petroleum Inc. (10%) as joint venture partners.
This milestone marks a significant step toward strengthening the country’s energy security while contributing to the socio-economic development of the region.
LSE Capital is licensed as a Modaraba Management company, besides carrying the license to act as a consultant to the issue for the IPOs and corporate finance advisory services. It managed the erstwhile Modaraba Al-Mali, which was merged in LSE Capital during May 2024. It is now planning to launch a new Modaraba fund under the name of Modaraba Al-Tameer, which will invest in real estate projects and emerging technology companies. – ER
