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 175,328.82
259.37M
0.23%
399.13
ALLSHR 106,442.83
871.95M
0.22%
236.26
KSE30 52,294.83
70.59M
0.21%
109.76
KMI30 250,239.14
117.86M
0.27%
676.97
KMIALLSHR 68,844.23
590.83M
0.27%
185.40
BKTi 49,072.93
17.11M
0.20%
97.65
OGTi 35,769.80
17.60M
0.71%
253.52
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 80,025.00 80,365.00
79,700.00
-30.00
-0.04%
BRENT CRUDE 95.85 96.57
93.15
0.33
0.35%
RICHARDS BAY COAL MONTHLY 126.75 0.00
0.00
1.10
0.88%
ROTTERDAM COAL MONTHLY 138.45 138.45
136.80
2.75
2.03%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 91.22 92.17
88.72
-0.08
-0.09%
SUGAR #11 WORLD 18.02 18.48
17.92
-0.05
-0.28%

Chart of the Day


Latest News
September 06, 2026 at 03:25 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 05, 2026 at 02:42 PM GMT+05:00

SBP rejects claims linking Raast to money laundering


September 05, 2026 at 11:52 AM GMT+05:00

Weekly Market Roundup


September 05, 2026 at 11:51 AM GMT+05:00

APAG public subscription oversubscribed by 183%



Top 5 things to watch in this week

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