Pakistan Petroleum discovers hydrocarbons from Pateji X-1 Well

November 15, 2024 (MLN): Pakistan Petroleum Ltd. (PSX: PPL) has made a gas/condensate discovery from exploration well Pateji X-1, Shah Bandar Block.

The Block is located in District Sujawal, Sindh Province, and operated by PPL with 63% working interest along with its Joint Venture partners, Mari Petroleum Company Limited (MPCL), Sindh Energy Holding Company Limited (SEHCL), and Government Holdings (Private) Limited (GHPL), each with working interests of 32%, 2.5%, and 2.5% respectively.

This is the third consecutive discovery in the Shah Bandar Block by PPL, the company said in a stock filing on Friday.

The well was drilled and tested by utilizing indigenous expertise.

After rigorous internal G&G evaluation and deliberations, the exploration well Pateji X-1 was spudded on October 11, 2024 and drilled down to 2,475 meters (measured depth) to test the hydrocarbon potential of Upper Sands of Lower Goru Formation.

Hydrocarbon bearing zones were identified based on the drilling results and acquired wireline logs data.

During testing, the well flowed at the rate of 11.7 Million Standard Cubic Feet Per Day (MMscfd) of gas and 198 Barrels per day of Condensate against Wellhead Flowing Pressure (WHFP) 2,578 psig at 32/64" choke from Lower Goru Upper Sands (D-Sand).

This discovery will add additional hydrocarbon reserves and enable the energy sector to reduce the current energy crisis in the country and will save significant foreign exchange for the country through indigenous hydrocarbon production.

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