Mari Petroleum strikes oil at Shawal-l Well

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

0:00

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	133,539.06 142.53M	1.21% 1589.99
ALLSHR	82,955.15 371.73M	1.08% 885.89
KSE30	40,805.02 38.84M	1.03% 417.25
KMI30	191,900.98 41.72M	0.27% 524.16
KMIALLSHR	55,548.73 185.39M	0.64% 354.76
BKTi	36,827.00 22.93M	2.79% 998.75
OGTi	28,392.38 1.79M	-0.19% -53.96

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,500.00	110,525.00 107,865.00	-915.00 -0.83%
BRENT CRUDE	68.08	68.10 67.22	-0.22 -0.32%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.35	67.18 65.40	-0.65 -0.97%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%