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

Add Mettisglobal as a Trusted Source on Google

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	164,260.27 133.10M	0.84% 1363.59
ALLSHR	99,167.59 284.40M	0.73% 717.90
KSE30	49,128.81 86.70M	0.91% 441.34
KMI30	236,348.77 79.74M	1.07% 2499.46
KMIALLSHR	64,632.29 149.74M	0.91% 584.19
BKTi	44,714.62 25.87M	0.83% 367.56
OGTi	34,771.63 5.25M	1.01% 348.67

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,445.00	77,700.00 76,465.00	610.00 0.79%
BRENT CRUDE	109.39	111.49 108.50	-1.89 -1.70%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	112.80	112.80 112.80	0.35 0.31%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.52	104.45 101.64	-1.63 -1.57%
SUGAR #11 WORLD	15.06	15.10 14.92	0.05 0.33%