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	170,498.95 314.82M	-1.01% -1733.57
ALLSHR	103,103.10 757.94M	-1.08% -1128.70
KSE30	50,739.70 126.19M	-1.06% -544.11
KMI30	244,205.17 97.93M	-1.06% -2620.36
KMIALLSHR	66,873.02 444.70M	-1.20% -810.61
BKTi	47,132.90 22.64M	-0.97% -463.02
OGTi	34,962.57 7.69M	-1.18% -418.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,540.00	84,945.00 82,850.00	45.00 0.05%
BRENT CRUDE	107.48	108.23 101.83	4.40 4.27%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.50 5.26%
ROTTERDAM COAL MONTHLY	137.10	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.38	96.78 91.23	3.22 3.49%
SUGAR #11 WORLD	18.63	19.07 18.54	-0.17 -0.90%