POL makes hydrocarbon discovery at Bilitang-1

News Image

MG News | January 02, 2026 at 01:11 PM GMT+05:00

0:00

January 02, 2026 (MLN): Pakistan Oilfields Limited (PSX: POL) recorded a significant exploration achievement at the Bilitang-1 exploratory well in the TAL Block, where hydrocarbons were discovered following drilling operations that reached a total depth of 4,011 meters.

The well was spudded on August 10, 2025, and the discovery marks further progress in the company’s upstream exploration activities.

Drill Stem Tests conducted to evaluate the Hangu and Lumshiwal formations delivered a gas flow rate of 1.58 million standard cubic feet per day at a 40/64-inch fixed choke, with a flowing wellhead pressure of 164 psi.

An acid stimulation job is currently underway to enhance production potential from these formations, according to the company’s filing on PSX.  

In addition, a Drill Stem Test for the Lockhart formation is planned, with further details to be shared as testing progresses.

A Drill Stem Test is used to isolate and assess geological formations by measuring pressure behavior and collecting fluid samples, helping determine the probability of commercial production.

Actual production levels may vary from test results.

Pakistan Oilfields Limited holds a 25% pre-commerciality working interest in the project, reinforcing its strategic position in the TAL Block and its contribution to Pakistan’s hydrocarbon exploration landscape.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 161,210.68
402.54M
3.49%
5433.46
ALLSHR 96,097.29
718.60M
3.34%
3102.77
KSE30 49,781.74
146.66M
3.95%
1890.99
KMI30 230,597.11
158.11M
4.81%
10582.05
KMIALLSHR 62,183.27
382.16M
3.79%
2272.55
BKTi 46,523.21
43.62M
2.50%
1134.61
OGTi 32,678.22
24.62M
6.68%
2046.87
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 71,685.00 73,825.00
70,845.00
-1760.00
-2.40%
BRENT CRUDE 84.29 86.28
81.50
2.89
3.55%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-9.60
-8.81%
ROTTERDAM COAL MONTHLY 125.00 125.00
125.00
3.50
2.88%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 79.62 82.16
74.97
4.96
6.64%
SUGAR #11 WORLD 13.71 13.82
13.61
-0.02
-0.15%

Chart of the Day


Latest News
March 05, 2026 at 06:17 PM GMT+05:00

SCRA balance climbs Rs1.9bn to around Rs41bn


March 05, 2026 at 06:07 PM GMT+05:00

SBP reserves rise $87.1m to $16.3bn


March 05, 2026 at 02:57 PM GMT+05:00

PKR gains slightly against USD


March 05, 2026 at 02:41 PM GMT+05:00

National Savings surge to Rs27bn in January



Top 5 things to watch in this week

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