Pakistan Petroleum makes new gas discovery

News Image

MG News | April 27, 2017 at 11:13 AM GMT+05:00

0:00

Pakistan Petroleum Ltd., or PPL, second largest gas explorer said Thursday it has found new gas reserves in district Matiari, in southern province Sindh, the company said.

Pakistan Petroleum Limited, the operator of Gambat South Block has discovered hydrocarbons from its exploratory well Zafir X-1 located in Sindh, the company said in a filing to Pakistan Stock Exchange.

The exploratory well Zafir X-1 was drilled to test the hydrocarbon potential of Massive Sand of Lower Goru Formation, the statement said.  During testing gas flowed at 29.2 MMscfd from the well at 48/64” choke, the filing said. PPL has discovered eight wells from Gambat South Block including Wafiq, Shadad, Sharf, Kinza, Faiz, Kabir and Hatim, the company data showed.

Pakistan Petroleum together with its subsidiaries consists of 45 exploratory blocks, out of which 27 are PPL operated including Block-8 in Iraq and remaining 18, including three offshore blocks in Pakistan and two onshore blocks in Yemen, according to the quarterly report of the company posted on the website.

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,570.00 123,615.00
118,675.00
2040.00
1.72%
BRENT CRUDE 69.08 71.53
69.05
-1.28
-1.82%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.83 69.65
66.80
-1.62
-2.37%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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