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 186,996.58
284.21M
0.88%
1624.38
ALLSHR 112,954.18
654.39M
0.86%
962.33
KSE30 55,927.74
119.28M
0.94%
523.25
KMI30 265,123.44
105.07M
0.97%
2537.50
KMIALLSHR 72,788.89
441.34M
0.92%
664.80
BKTi 52,607.75
31.66M
1.16%
602.05
OGTi 38,371.11
10.94M
1.25%
475.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,010.00 64,260.00
61,420.00
1355.00
2.20%
BRENT CRUDE 71.63 72.45
71.02
-0.49
-0.68%
RICHARDS BAY COAL MONTHLY 107.50 0.00
0.00
-1.50
-1.38%
ROTTERDAM COAL MONTHLY 122.60 123.20
122.25
0.10
0.08%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 68.28 69.26
67.82
-0.41
-0.60%
SUGAR #11 WORLD 14.84 14.94
14.80
-0.01
-0.07%

Chart of the Day


Latest News
July 06, 2026 at 02:23 PM GMT+05:00

Tata Textile completes Muzaffargarh BMR project


July 06, 2026 at 02:21 PM GMT+05:00

Gold price in Pakistan falls Rs2,400 per tola


July 06, 2026 at 02:05 PM GMT+05:00

Sitara Petroleum denies awareness of GO closure reports



Top 5 things to watch in this week

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