Mari Petroleum strikes oil at Shawal-l Well

News Image

MG News | April 22, 2024 at 09:11 AM GMT+05:00

April 22, 2024 (MLN): Mari Petroleum Company Limited (PSX: MARI) has made an oil discovery resulting from its exploratory efforts at Shawal-l well, drilled in Mari D&PL, located in Sindh Province, the company's filing on PSX revealed today. 

Shawal-l well was spud-in on January 27, 2024, and successfully drilled down to a total depth of 1,136 meters into the Ghazij Formation.

During testing, the well produced 1,040 barrels of crude oil of ~30 degree API oil with 12% Basic Sediment & Water (BS&W) along with 2.5 million standard cubic feet per day (MMSCFD) of associated gas at wellhead flowing pressure (WHFP) of953 pounds per square inch (Psi) at 32/64 inch choke size.

This is the first-ever oil discovery in Mari D&PL, which has been in gas production since 1967. MPCL is the Operator of Mari D&PL with 100% working interest.

Copyright Mettis Link News

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 77,415.00 77,700.00
76,465.00
580.00
0.75%
BRENT CRUDE 108.42 111.49
107.77
-2.86
-2.57%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-7.75
-6.58%
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 101.79 104.45
100.87
-2.36
-2.27%
SUGAR #11 WORLD 15.12 15.13
14.92
0.11
0.73%

Chart of the Day


Latest News

Top 5 things to watch in this week

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