Oil discovery made in Ziarat, Balochistan

September 18, 2018 (MLN): The Joint Venture of the Ziarat Exploration License has discovered hydrocarbons from its exploratory well Bolan East-1 ST-1, located in the Kachhi district of Balochistan.

The Joint Venture comprises of Mari Petroleum Company Limited, which owns a 60% working interest in and is the operator of the Ziarat Block, and also comprises Pakistan Petroleum Limited (PPL)’s wholly owned subsidiary PPL E&P which owns a 40% working interest in the block.

According to a notification on the Pakistan Stock Exchange, Pakistan Petroleum Limited announced, “ The Drill Stem Tests carried out in Chiltan and Moro/Mughal Kot Formations wherein the Chiltan Formation flowed 810 barrels per day of 15.6 API gravity oil with WHFP of 134-167 psi at the rate of 32/64 inch choke size.”

The announcement also read, “Whereas Moro/Mughal Kot Formation flowed 69- barrels per day of 15.6 API gravity oil with WHFP of 142-158 psi at the rate of 32/64 inch choke size during pre-acid well test operations.”

Furthermore, it is expected that the oil flow rate from Moro/Mughal Kot Formation will increase after the acid stimulation job, it said.

The discovery is being further evaluated from the commercial perspective.

Copyright Mettis Link News

Posted on: 2018-09-18T10:55:00+05:00

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