MARI hits success with second Ghazij Well in Sindh lease

News Image

MG News | January 19, 2024 at 09:35 AM GMT+05:00

January 19, 2023 (MLN): Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested the second appraisal well in the Ghazij formation in the Mari Development and Production Lease (D&PL), Sindh, the company's filing on PSX revealed today.

The well was spudded in on December 20, 2023, and drilled down to a depth of 1,014 meters. The post-acid gas flow rate from the well was 6.57 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 306 pounds per square inch (Psi) at 64/64-inch choke size.

The well will be put on test production in due course after completion of requisite regulatory formalities. MPCL is the Operator of Mari D&PL with 100% working interest.

Earlier this month, MARI made a gas discovery at Shewa-2 appraisal-cum-exploratory well, located in North Waziristan district, Khyber Pakhtunkhwa Province.

The well was successfully drilled down to 4,577 meters on November 01, 2023, to appraise the Lockhart and Hangu formations, which were previously discovered at exploratory well Shewa1, as well as test the hydrocarbon potential of the well’s exploratory targets i.e. Samanasuk and Kawagarh formations.

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 77,730.00 77,935.00
76,105.00
1955.00
2.58%
BRENT CRUDE 97.07 100.73
96.90
-6.47
-6.25%
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 90.60 93.90
90.32
-6.00
-6.21%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
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


May 25, 2026 at 04:18 PM GMT+05:00

FPRM acquires 60% stake in AML/CFT Screening Solution



Top 5 things to watch in this week

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