Mari Petroleum makes Gas Discovery at Exploratory Well Iqbal-1 in Mari D&P Lease Area, Daharki, Sindh

News Image

MG News | August 21, 2020 at 04:40 PM GMT+05:00

August 21, 2020: Mari Petroleum Company Limited (MPCL), the Operator of Mari Development & Production Lease (Mari D&PL) with 100% working interest, has made a gas discovery at its exploratory well Iqbal-1, drilled in Mari D&PL Area, located in Daharki, District Ghotki, Sindh.

Iqbal-1 well was spud-in on July 11, 2020 and successfully drilled down to the depth of 1,250 meters into Sui Main Limestone Formation. The well was tested at the rate of 3.127 MMSCFD of gas and 79 BPD of water through choke size 40/64” at well head flowing pressure (WHFP) of 396 Psi from Sui Upper Limestone and Ghazij Formations.

It is highlighted that this is the 6th consecutive discovery in Mari D&P Lease Area, based on 1,079 sq.km carpet 3D seismic survey of the area in 2015, which was followed by an extensive drilling program.

It is further highlighted that Ghazij Formation has been tested for the very first time in Mari D&PL area and has opened a new avenue (horizon) for future exploratory efforts to enhance the hydrocarbon reserves base of MPCL and the Country.

 

PSX Announcement

Related News

Name Price/Vol %Chg/NChg
KSE100 175,289.08
236.74M
0.21%
359.39
ALLSHR 106,432.68
805.35M
0.21%
226.11
KSE30 52,279.02
59.90M
0.18%
93.95
KMI30 250,114.63
108.95M
0.22%
552.46
KMIALLSHR 68,815.89
557.83M
0.23%
157.07
BKTi 49,050.42
12.55M
0.15%
75.14
OGTi 35,749.01
16.98M
0.66%
232.72
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,385.00 82,515.00
80,765.00
-695.00
-0.85%
BRENT CRUDE 94.82 96.21
94.81
-0.70
-0.73%
RICHARDS BAY COAL MONTHLY 126.75 0.00
0.00
1.10
0.88%
ROTTERDAM COAL MONTHLY 136.50 0.00
0.00
0.80
0.59%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 90.37 92.17
90.33
-0.93
-1.02%
SUGAR #11 WORLD 18.37 18.44
17.92
0.30
1.66%

Chart of the Day


Latest News
September 04, 2026 at 03:59 PM GMT+05:00

Pakistan, ADB chart priorities for CPS 2026-2030


September 04, 2026 at 03:35 PM GMT+05:00

IPAK unveils next-gen sustainable films at 3P Pakistan 2026


September 04, 2026 at 03:30 PM GMT+05:00

PM reiterates Pakistan's commitment to UN Charter


September 04, 2026 at 02:51 PM GMT+05:00

Gold price in Pakistan rises Rs3,900 per tola



Top 5 things to watch in this week

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