POL tests hydrocarbons from its Development Well Pindori-10, Punjab

MG News | March 05, 2020 at 11:13 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 5, 2020 (MLN): Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab.

Drilling of Pindori-10 was commenced on January 28, 2019 and achieved its target depth at 13,701 feet. As a result of Drill Stem Test (DST) conducted at the well to test the potential of Lockhart Formation, the well has tested the following hydrocarbons:

$\"\"$

It is pertinent to mention that testing of well is in progress, revealed a notification from POL to Exchange. It is also highlighted that actual production may differ from the test results as DST is a way to obtain important fluid sampling information and to establish the probability of commercial production.

With regards to holding shares, Pakistan Oilfields Limited (POL) has 35% working interest in Pindori D&P Lease while Oil and Gas Development Company Limited (OGDCL) and The Attock Oil Company Ltd. (AOC) hold 50% and 15% share respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,955.51 511.87M	-1.41% -2546.94
ALLSHR	107,760.09 1,031.65M	-1.33% -1447.05
KSE30	52,861.72 168.23M	-1.67% -899.47
KMI30	250,423.07 172.67M	-1.65% -4194.95
KMIALLSHR	69,064.88 707.35M	-1.58% -1107.48
BKTi	50,927.55 36.18M	-1.64% -850.36
OGTi	35,469.86 14.02M	-2.08% -753.79

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,735.00	64,885.00 64,620.00	20.00 0.03%
BRENT CRUDE	91.28	91.35 91.25	0.26 0.29%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	0.50 0.46%
ROTTERDAM COAL MONTHLY	122.70	122.70 122.00	0.45 0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.43	84.57 84.39	0.37 0.44%
SUGAR #11 WORLD	17.48	17.59 16.89	0.61 3.62%