Pakistan Petroleum achieves 17 MMscfd gas, 530 bpd oil production increase

News Image

MG News | April 22, 2024 at 10:54 AM GMT+05:00

0:00

April 22, 2024 (MLN): Pakistan Petroleum Limited (PSX: PPL) has implemented various production enhancement initiatives between October 2023 and March 2024, resulting in a significant production increase of approximately 17 MMscfd of gas and 530 barrels per day of oil and condensate.

As the company's producing fields are maturing and experiencing natural decline, it identified these production enhancement opportunities through rigorous technical analysis, state-of-the-art rig-less techniques, and surface system optimization.

Following is the summary of the main achievements:

Artificial Lift System: Added 450 barrels per day of oil and condensate through successfully installing the artificial lift system at Adhi South X-1 and Adhi South-5. 2.

Acid Stimulation and Well Bore Clean-out: Added 5 MMscfd gas production in Fazl X-1 in Hala Block and Adhi-19 by removing scale build-up across the tubing and the reservoir.

Surface De-Bottlenecking: Enhanced 7 MMscfd gas production from Sui Gas Field through optimization of GGM network, wellhead surface fittings, and chemical inhibition strategy,

Optimization through Optimum Gas Blending: Increased 5 MMscfd gas and 80 barrels per day condensate through optimum blending of the high and low-quality gas in Gambat South processing facilities after commissioning the well Shahpur Chakar North X-1 .

This additional and cost-effective indigenous hydrocarbon production will contribute to reducing the energy demand and supply gap and save significant foreign exchange for the country,

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 171,704.76
562.66M
4.23%
6962.29
ALLSHR 102,482.11
1,196.47M
3.95%
3892.19
KSE30 51,734.35
279.44M
4.53%
2242.85
KMI30 246,406.23
267.53M
4.17%
9855.14
KMIALLSHR 66,517.53
655.25M
3.98%
2547.90
BKTi 47,795.75
95.95M
4.80%
2186.96
OGTi 35,771.39
36.24M
5.10%
1734.94
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,550.00 81,805.00
81,540.00
-185.00
-0.23%
BRENT CRUDE 101.96 109.02
96.75
-7.91
-7.20%
RICHARDS BAY COAL MONTHLY 110.00 110.00
110.00
-3.85
-3.38%
ROTTERDAM COAL MONTHLY 110.10 110.10
110.10
-0.30
-0.27%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 95.88 96.33
95.62
0.80
0.84%
SUGAR #11 WORLD 14.83 15.35
14.45
-0.54
-3.51%

Chart of the Day


Latest News
May 06, 2026 at 05:19 PM GMT+05:00

PKR posts slight gain vs USD


May 06, 2026 at 05:13 PM GMT+05:00

Govt, World Bank review progress on 10-Year CPF


May 06, 2026 at 04:03 PM GMT+05:00

PSX Closing Bell: Sky’s the Limit



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg