MARI makes hydrocarbon discovery at Bannu West Block, KP

News Image

By 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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 126,268.30
2.12M
0.51%
640.98
ALLSHR 78,924.71
14.69M
0.43%
339.99
KSE30 38,343.23
0.35M
0.50%
189.44
KMI30 185,387.68
0.62M
0.27%
501.19
KMIALLSHR 53,931.18
7.43M
0.31%
167.37
BKTi 32,005.92
0.35M
0.26%
84.24
OGTi 27,858.88
0.04M
0.31%
84.90
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,690.00 108,105.00
107,505.00
-545.00
-0.50%
BRENT CRUDE 66.41 66.63
66.34
-0.33
-0.49%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.76 65.02
64.67
-0.35
-0.54%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 09:30 AM GMT+05:00

Asia markets mixed amid tariff uncertainty


July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

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