Mari Petroleum strikes oil at Shawal-l Well

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	159,005.00 223.81M	-0.36% -573.19
ALLSHR	96,661.22 790.24M	-0.28% -270.48
KSE30	48,101.96 82.34M	-0.55% -266.95
KMI30	227,329.05 55.74M	-0.54% -1226.63
KMIALLSHR	62,867.66 276.45M	-0.51% -323.42
BKTi	44,285.11 27.40M	-0.54% -242.35
OGTi	30,568.66 4.05M	-0.72% -220.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,450.00	104,590.00 103,090.00	-790.00 -0.76%
BRENT CRUDE	64.22	64.24 63.37	0.70 1.10%
RICHARDS BAY COAL MONTHLY	87.15	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.50	96.50 96.50	-0.70 -0.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.39	60.41 59.46	0.79 1.33%
SUGAR #11 WORLD	14.19	14.21 14.04	0.08 0.57%