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CPI Preview: Inflation to fall to around 17% YoY in April

MARI discovers gas at Maiwand X-I ST-l exploration well

Mari Petroleum approves Rs2.5bn investment in MMC
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February 16, 2024 (MLN): Mari Petroleum Company Limited (PSX: MARI) has made a gas discovery at Maiwand X-I ST-l exploration well drilled in Block 28, in Kohlu District of Balochistan, the company's filing on PSX revealed today.

The well was spudded in on June 12, 2023, and successfully drilled down to 2,516 meters on November 12, 2023. 

The testing of selected zones resulted in the following sustainable gas flow rates:

Formation Chock Size (1164") WHFP (Psi) Gas (MMSCFD)
Dughan & Rani Kot (Post Completion rates) 64 186 4.14
Pab & Mughal Kot (Acid Wash) 48 138 0.79
Mughal Kot Sst (Acid Stimulation) 48 79 1.11
Mughal Kot Lst (Acid Stimulation) 40 34 0.38

It is important to note here that MARI is the operator of Block-28 having 95% working interest along with Oil & Gas Development Company (PSX: OGDCL) as a joint venture partner with 5% carried working interest.

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Posted on: 2024-02-16T16:25:17+05:00