Mari Petroleum announces another oil discovery in Dharian-1 Ghauri Block

News Image

MG News | April 19, 2019 at 10:38 AM GMT+05:00

April 19, 2019 (MLN): Mari Petroleum Company Limited (MPCL) along with its Joint Venture Partner Pakistan Petroleum Limited (PPL) has made an oil discovery at exploratory well Dharian-l ST-3, drilled in Ghauri Exploration License, near Gujar Khan in Rawalpindi District of the Punjab Province.

According to an official announcement issued to the Pakistan Stock Exchange (PSX), this is the second consecutive discovery by the Ghauri Joint Venture in Ghauri Block.

The said well was spud-in on December 21, 2017 and drilled deep with the objective to test the hydrocarbon potential of Sakessar and Khewra Formations as primary targets.

The Ghauri JV is planning to undertake expeditious evaluation of Dharian-l ST-3 discovery by putting it on test production.

The notification further mentions that the first ever discovery in Ghauri Block was made at exploratory well Ghauri X-I in 2014, which is currently on production. Ghauri JV also intends to drill 3rd exploratory well namely Miraj-l as part of its continuous efforts for tapping indigenous hydrocarbon resources.

MPCL is the Operator of Ghauri Exploration License having 65% working interest share with PPL as 35% interest holder.

Related News

Name Price/Vol %Chg/NChg
KSE100 164,831.42
172.53M
1.19%
1934.74
ALLSHR 99,333.72
384.51M
0.90%
884.04
KSE30 49,356.83
107.72M
1.37%
669.37
KMI30 237,212.17
96.91M
1.44%
3362.86
KMIALLSHR 64,767.41
193.69M
1.12%
719.32
BKTi 44,973.02
33.91M
1.41%
625.96
OGTi 34,831.33
6.50M
1.19%
408.38
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,635.00 77,920.00
76,465.00
800.00
1.04%
BRENT CRUDE 104.95 111.49
103.24
-6.33
-5.69%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 113.00
112.80
0.55
0.49%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 98.35 104.45
96.94
-5.80
-5.57%
SUGAR #11 WORLD 14.76 15.15
14.67
-0.25
-1.67%

Chart of the Day


Latest News
May 20, 2026 at 11:33 PM GMT+05:00

Lucky Motors unveils GAC electric vehicle lineup


May 20, 2026 at 09:02 PM GMT+05:00

SBP buys back Rs279bn in MTBs


May 20, 2026 at 08:55 PM GMT+05:00

PSX declares May 26–28 Eid holidays


May 20, 2026 at 08:54 PM GMT+05:00

SBP raises Rs702bn in MTBs, Floating Rate PIB auction


May 20, 2026 at 06:49 PM GMT+05:00

LMC, GAC Group set to shake up Pakistan's EV market



Top 5 things to watch in this week

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