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

News Image

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 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,860.00 117,685.00
114,850.00
-1230.00
-1.05%
BRENT CRUDE 67.93 68.59
67.62
-0.54
-0.79%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.97 64.67
63.69
-0.55
-0.85%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

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