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

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

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	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%