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	176,133.57 448.77M	0.12% 205.83
ALLSHR	106,568.82 1,000.73M	0.14% 149.03
KSE30	52,663.90 106.37M	0.09% 48.09
KMI30	247,838.42 145.61M	0.01% 22.07
KMIALLSHR	68,255.80 586.07M	0.03% 23.11
BKTi	50,243.89 28.25M	0.32% 158.69
OGTi	34,622.42 7.25M	-0.35% -120.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,410.00	66,410.00 66,410.00	-110.00 -0.17%
BRENT CRUDE	91.55	91.99 87.87	2.33 2.61%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	120.25 119.50	-0.25 -0.21%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	84.54	85.03 81.39	2.06 2.50%
SUGAR #11 WORLD	14.90	14.97 14.76	0.08 0.54%