MARI, OPI sign gas processing contract for Shewa-I Discovery in Waziristan block

MG News | April 13, 2023 at 12:06 PM GMT+05:00

0:00

April 13, 2023 (MLN): Mari Petroleum Company Limited (PSX: MARI) and Orient Petroleum Inc (OPI) have signed a gas processing contract for the provision of Early Production Facilities (EPF) for the Shewa-I Discovery in Waziristan Block, the company's filing on PSX unveiled today.

This follows the gas and condensate discovery at the Shewa-I (formerly Bannu West-l) Exploration Well, drilled in the KP Province.

Under the terms of the agreement, OPI will provide the EPF on a turnkey basis and also offer Operations and Maintenance (O&M) services for a period of twenty-four months from the start of production.

Additionally, the gas processing contract allows MARI to purchase EPF equipment.

As the operator of the Waziristan Block, MARI holds a 55% working interest, while OGDCL and OPI are joint venture partners with working interests of 35% and 10%, respectively.

The contract will help facilitate the processing of these resources, ensuring their efficient and effective utilization.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	135,762.18 161.00M	1.09% 1462.41
ALLSHR	84,838.62 550.38M	0.98% 820.46
KSE30	41,250.83 60.41M	1.07% 436.54
KMI30	193,164.91 56.81M	0.30% 575.75
KMIALLSHR	56,347.82 248.52M	0.49% 275.57
BKTi	37,885.28 17.94M	2.47% 913.53
OGTi	28,108.73 3.09M	-0.47% -131.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	123,285.00	123,615.00 118,675.00	4755.00 4.01%
BRENT CRUDE	71.18	71.29 70.35	0.82 1.17%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	108.75	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.29	69.39 68.41	0.84 1.23%
SUGAR #11 WORLD	16.64	16.67 16.54	0.07 0.42%