HUBCO-Led Consortium Starts 10 MMscfd Gas Production From Sukkur-II Well

KARACHI: Pakistan's energy sector logged a concrete operational milestone this week. Prime Global Energies Limited commissioned the Lundali-1 well in the Sukkur-II Concession. First Gas arrived on September 6, 2026. The company is a wholly owned subsidiary of Prime International Oil and Gas Company.

Output sits at 10 million standard cubic feet per day. Wellhead pressure reads 2,000 psi. Sui Southern Gas Company is drawing that gas already, and for a grid that has fought supply gaps across southern Sindh for years, ten MMscfd is not a number anyone shrugs off.

The Hub Power Company disclosed the development to the Pakistan Stock Exchange on Tuesday. Prime sits under Hub Power Holdings Limited, itself a wholly owned arm of HUBCO. Prime Global operates the Sukkur-II block. Three partners share the venture: Oil and Gas Development Company Limited, Mari Energies Limited, and Turkish Petroleum Overseas Company.

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Look at the dates and the pace becomes obvious. The Sukkur-II Petroleum Concession Agreement, covering Block 2568-23, took effect on December 2, 2025. Nine months later, gas is flowing, reflecting the accelerated development programme that followed the licence award.

For HUBCO, Lundali-1 moves diversification from corporate strategy into physical production: an operating well delivering gas into the national system.

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One question decides where this goes next. Does Sukkur-II turn out to hold a wider reservoir, or does Lundali-1 stand alone? HUBCO's upstream bet only proves itself over time, as flow data accumulates and, potentially, as follow-up wells enter the programme.

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For SSGC, the additional 10 MMscfd adds another stream of indigenous supply to a system serving Karachi and large parts of Sindh and Balochistan. Pakistan still imports LNG to cover the gap between what its fields produce and what its cities burn. Ten MMscfd doesn't close that gap. It narrows it, and narrowing it matters when the import bill keeps climbing.

The partner list tells its own story about risk-sharing. OGDCL and Mari Energies bring government-linked balance sheets to the table. Turkish Petroleum Overseas Company adds an international dimension to a consortium otherwise anchored by major Pakistani energy players.

Whether the flow rate holds, climbs, or fades is a question only time answers. Production data over the next few months will say more than any press release can. For now, HUBCO has a well that works, a buyer already taking the gas, and a data point that backs up a strategy the company has been talking about for a while.