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 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,820.00 77,935.00
76,105.00
1045.00
1.38%
BRENT CRUDE 98.34 98.88
97.12
2.20
2.29%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 91.97 93.90
89.41
-4.63
-4.79%
SUGAR #11 WORLD 14.68 0.00
0.00
-0.02
-0.14%

Chart of the Day


Latest News
May 26, 2026 at 04:42 AM GMT+05:00

BankIslami launches FOCUS


May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD



Top 5 things to watch in this week

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