MARI strikes black gold as third Ghazij appraisal well succeed

MG News | April 18, 2024 at 09:20 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 18, 2024 (MLN): Mari Petroleum Company Limited (PSX: MARI) has achieved a significant milestone in its exploration endeavours with the successful drilling and testing of the third appraisal well in the Ghazij formation, located within the Mari Development & Production Lease (D&PL), the company's filing on PSX revealed today.

This well is a part of the appraisal program for the Ghazij discovery which was disclosed on January 25, 2023. The well was spudded in on February 15, 2024, and drilled down to a depth of 1,483 meters.

The post-acid gas flow rate from the well was 10.5 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 490 pounds per square inch (Psi) at 64/64-inch choke size.

The well shall be put into production in due course after the completion of requisite regulatory formalities.

MARI is also preparing a field development plan for submission to the relevant regulatory authority for approval.

To note, MARI is the operator of Mari D&PL with 100% working interest.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	186,255.55 395.22M	-0.64% -1199.14
ALLSHR	112,499.75 980.44M	-0.62% -698.84
KSE30	55,672.44 178.75M	-0.82% -457.96
KMI30	263,007.85 128.24M	-1.01% -2680.92
KMIALLSHR	72,266.81 499.03M	-0.84% -611.28
BKTi	52,849.34 95.11M	-0.06% -29.30
OGTi	37,768.53 9.14M	-1.79% -688.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,780.00	64,770.00 62,925.00	-105.00 -0.16%
BRENT CRUDE	72.58	73.31 72.04	0.59 0.82%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.55 -0.52%
ROTTERDAM COAL MONTHLY	118.90	118.90 118.90	-0.10 -0.08%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	69.02	69.74 68.58	0.47 0.69%
SUGAR #11 WORLD	15.13	15.22 15.05	-0.09 -0.59%