According to a notice sent to the Pakistan Stock Exchange (PSX) on Wednesday, Mari Petroleum Company Limited (MPCL), one of Pakistan’s largest integrated petroleum exploration and production companies, has made a gas/condensate discovery in its exploration well located in North Waziristan, Khyber Pakhtunkhwa.
According to the notice, the development was the result of MPCL’s exploratory efforts at the Bannu West-1 ST-1 Exploration Well drilled in the Bannu West Block in North Waziristan.
“MPCL is the Operator of Bannu West Block having 55% working interest along with Oil and Gas Company Limited (OGDCL) and Zaver Petroleum Corporation (Pvt) Limited (ZPCL) as joint venture partners having 35% and 10% working interest, respectively,” added the PSX filing.
On June 6, 2021, the well was spud-in and successfully drilled down to a depth of 4,915 meters using MPCL’s own rig.
“During testing, Lockhart Limestone formation flowed gas at the rate of around 25 MMSCFD with Wellhead Flow Pressure (WHFP) of 4,339 Psi and around 300 BPD condensate at 32/64 inch choke size (Pre-acid).
Further, Hangu Formation also flowed gas at the rate of 1.6 MMSCFD with WHFP of 297 Psi at 32/64 inch choke size.”
MPCL announced the start of first gas production from the Tipu compartment of the “Goru B” reservoir in March.
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