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	179,179.85 26.02M	1.18% 2096.62
ALLSHR	108,153.59 64.57M	1.09% 1168.34
KSE30	53,500.82 17.02M	1.26% 664.51
KMI30	252,826.16 16.04M	1.37% 3423.56
KMIALLSHR	69,418.69 30.40M	1.15% 789.23
BKTi	51,067.79 3.22M	0.95% 482.21
OGTi	34,895.57 0.79M	1.31% 451.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,335.00	64,805.00 64,140.00	-150.00 -0.23%
BRENT CRUDE	78.68	79.84 78.11	-0.68 -0.86%
RICHARDS BAY COAL MONTHLY	107.75	0.00 0.00	0.95 0.89%
ROTTERDAM COAL MONTHLY	118.00	120.40 118.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	74.96	76.06 74.24	-0.81 -1.07%
SUGAR #11 WORLD	15.06	15.33 15.01	0.05 0.33%