PPL Boosts Gas Processing Capacity at Gambat South Facility

Karachi: Pakistan Petroleum Ltd (PPL) has increased the gas processing capacity at its Gambat South Gas Processing Facility (GPF-II) to 60 million cubic feet per day (mmcfd), up from 55 mmcfd. This upgrade has led to an additional production of approximately 5 mmcfd of gas and 35 barrels per day of condensate.

The Gambat South Block, where the facility is located, has PPL, Government Holdings Private Limited (GHPL), and Asia Resources Oil Limited (AROL) holding working interests of 65%, 25%, and 10%, respectively. The facility, which started operations in August 2016, originally had a processing capacity of 50 mmcfd. During the fiscal year 2025, the total production at the Gambat South Block averaged 132 mmcfd.

According to AKD Securities Limited, the enhanced processing capacity is estimated to have an incremental earnings impact of 0.22 Pakistani Rupees per share for PPL. The firm has reiterated its ‘Buy’ stance on PPL, with a target price of 281 Pakistani Rupees per share by December 2025, and an expected dividend yield of 5.5% for the fiscal year 2026.