Artificial Island to power Pakistan’s oil drilling drive

News Image

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

0:00

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 187,969.57
207.73M
0.50%
936.30
ALLSHR 112,924.98
357.75M
0.51%
569.33
KSE30 57,529.63
43.92M
0.48%
275.99
KMI30 266,169.63
69.94M
0.69%
1830.39
KMIALLSHR 72,741.89
253.64M
0.64%
461.28
BKTi 53,837.36
5.62M
0.22%
117.12
OGTi 39,358.58
4.49M
0.40%
155.94
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 90,075.00 90,425.00
89,385.00
-155.00
-0.17%
BRENT CRUDE 65.26 65.38
65.09
0.02
0.03%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.20
-2.47%
ROTTERDAM COAL MONTHLY 98.75 98.75
98.50
0.90
0.92%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 60.70 60.82
60.42
0.08
0.13%
SUGAR #11 WORLD 14.77 14.90
14.66
0.05
0.34%

Chart of the Day


Latest News
January 22, 2026 at 10:49 AM GMT+05:00

Pakistan steps into 2026 where execution will decide outcomes


January 22, 2026 at 10:44 AM GMT+05:00

Oil prices edge higher on easing U.S. Europe tensions


January 22, 2026 at 09:58 AM GMT+05:00

Power Cement long-term rating reaffirmed at ‘A-’


January 22, 2026 at 09:41 AM GMT+05:00

AIRLINK enters home appliances space with HISENSE partnership


January 22, 2026 at 09:25 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

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