MARI hits paydirt with drilling, testing triumph at Ghazij-2 in D&PL Area

MG News | October 09, 2023 at 03:12 PM GMT+05:00

0:00

October 9, 2023 (MLN): Mari Petroleum Company Limited (PSX: MPCL) has achieved a milestone by successfully drilling and testing the appraisal well known as Mari Ghazij-2 within the Mari Development & Production License (D&PL) area, the company's filing on PSX noted.

The well was spud in on September 11, 2023, and successfully drilled down to a depth of 1,016 meters.

The post-acid gas flow rate was 11.1 Million Standard Cubic Feet Per Day with a Wellhead Flowing Pressure of 519 Pounds Per Square Inch at 64/64 inch choke size.

It is pertinent to mention that Ghazij-2 is the first well in a series of planned appraisal wells to evaluate the Ghazij-l discovery and determine its extent.

The well will be put on extended well testing in due course for supply of gas to government designated buyer, after completion of requisite regulatory formalities.

The company informed PSX on January 25, 2023, regarding a gas discovery at its exploratory well Mari Ghazij-l, located in Mari D&PL.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,204.18 326.75M	-0.12% -200.31
ALLSHR	103,326.47 682.26M	-0.11% -115.78
KSE30	52,323.58 93.96M	-0.17% -90.21
KMI30	244,733.72 73.03M	0.04% 87.89
KMIALLSHR	67,164.58 409.64M	0.17% 114.30
BKTi	47,165.45 34.74M	-0.52% -248.09
OGTi	33,329.66 4.67M	-0.27% -90.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,660.00	90,610.00 87,910.00	1600.00 1.82%
BRENT CRUDE	61.90	62.16 60.53	1.43 2.36%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.84	58.13 56.60	1.32 2.34%
SUGAR #11 WORLD	15.05	15.09 14.83	0.23 1.55%