Artificial Island to power Pakistan’s oil drilling drive

News Image

MG News | November 19, 2025 at 03:34 PM GMT+05:00

November 19, 2025 (MLN): In a first for Pakistan, state-owned Pakistan Petroleum Ltd. (PPL) is preparing to construct an artificial island for dramatically increasing its oil and gas exploration activities.

The details, reported by Bloomberg News, indicate the new drilling platform will be located roughly 30 kilometers (19 miles) off the southern Sindh coast.

PPL’s General Manager of Exploration and Core Business Development, Arshad Palekar, confirmed the plans during an industry conference in Islamabad.

Palekar explained that the structure is designed to be six feet high.

This feature is crucial because it will allow exploration work to continue around the clock, preventing interruptions from high tides.

The company aims to drill approximately 25 wells from the site once construction is finalized, which is projected for February.


Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 173,886.69
195.81M
-0.85%
-1493.18
ALLSHR 104,193.90
1,478.56M
-0.79%
-830.04
KSE30 50,762.89
101.57M
-1.61%
-833.18
KMI30 248,644.12
78.76M
-1.03%
-2588.32
KMIALLSHR 67,289.90
391.02M
-0.79%
-536.64
BKTi 47,836.07
30.16M
-1.03%
-497.73
OGTi 34,437.26
6.66M
-1.07%
-371.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,000.00 0.00
0.00
45.00
0.06%
BRENT CRUDE 97.74 100.83
96.67
-0.55
-0.56%
RICHARDS BAY COAL MONTHLY 127.25 0.00
0.00
-0.50
-0.39%
ROTTERDAM COAL MONTHLY 136.50 137.25
136.50
-0.80
-0.58%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 90.34 92.53
89.07
-0.18
-0.20%
SUGAR #11 WORLD 18.25 18.60
18.13
-0.31
-1.67%

Chart of the Day


Latest News
November 07, 2026 at 12:13 AM GMT+05:00

Petrol price cut by Rs6.59, diesel by Rs4.25 per litre


November 06, 2026 at 11:01 PM GMT+05:00

Weekly Market Roundup


November 06, 2026 at 10:17 PM GMT+05:00

ABHI Microfinance Bank IPO oversubscribed 1.6x


November 06, 2026 at 06:00 PM GMT+05:00

KPRA South region collects over Rs1.4bn in Q1 FY27


November 06, 2026 at 05:04 PM GMT+05:00

PSX Closing Bell: Bulls Head for the Exit



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg