MARI makes hydrocarbon discovery at Bannu West Block, KP

MG News | June 01, 2022 at 10:57 AM GMT+05:00

0:00

June 01, 2022 (MLN): Mari Petroleum Company Limited (PSX: MARI) has made a gas/condensate discovery resulting from its exploratory efforts at Bannu West-1 ST-1 Exploration Well drilled in Bannu West Block, located in North Waziristan, KP, the company’s filing on bourse said on Wednesday.

MPCL is the operator of Bannu West Block having 55% working interest along with OGDCL and ZPCL as joint venture partners having 35% and 10% working interest, respectively, it noted.

The well was spud-in on June 06, 2021 and successfully drilled down to the depth of 4,915 meters, with MPCL's own rig. During testing, Lockhart Limestone formation flowed gas at the rate of around 25 MMSCFD with Wellhead Flow Pressure (WHFP) of 4,339 Psi and around 300 BPD condensate at 32/64-inch choke size (Pre-acid). Further, Hangu Formation also flowed gas at the rate of 1.6 MMSCFD with WHFP of 297 Psi at 32/64-inch choke size, it added.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,098.83 381.92M	2.01% 3642.50
ALLSHR	111,509.35 956.25M	2.13% 2327.02
KSE30	56,737.75 167.91M	2.00% 1112.07
KMI30	260,872.72 165.83M	2.57% 6529.72
KMIALLSHR	71,488.31 461.39M	2.50% 1744.73
BKTi	53,691.60 50.03M	1.27% 672.83
OGTi	38,672.45 45.54M	4.90% 1805.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,660.00	96,060.00 94,395.00	305.00 0.32%
BRENT CRUDE	64.20	64.77 63.44	0.44 0.69%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.95 -2.20%
ROTTERDAM COAL MONTHLY	97.90	98.10 97.70	0.55 0.57%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.22	60.05 58.81	0.14 0.24%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%