PPL commences EWT production at Exploratory Well Bolan East-1

News Image

By MG News | November 12, 2020 at 01:47 PM GMT+05:00

0:00

November 12, 2020 (MLN): Pakistan Petroleum Limited (PPL) has commenced Extended Well Testing (EWT) production at Exploratory Well Bolan East-1, Ziarat Block, Balochistan.

The company had earlier disclosed a discovery of crude oil from the above exploratory well in the Ziarat block, which is the first ever discovery of crude oil in Chiltan and Moro/MughalKot formations in the province of Balochistan.

In a notification to PSX, the company has disclosed that Extended Well Testing (EWT) production commenced on 9th November 2020 and approximately 800 BPD of crude oil at 28/64” choke size with Wellhead Flowing Pressure (WHFP) of 165 Psi is currently being produced from the well.

Company further informed that the Production could not begin earlier due to the crude oil not been accepted by local refineries because of low API gravity. However, an agreement has recently been concluded with Attock Refinery Limited for the sale of crude oil from the well.

Mari Petroleum Company Limited holds 60% working interest in the Ziarat Exploration Licence and operates it, while 40% working interest therein is held by the Company’s wholly owned subsidiary, PPL Europe E&P Limited, the notice revealed.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 127,822.32
206.68M
1.75%
2195.00
ALLSHR 79,551.32
602.96M
1.23%
966.60
KSE30 38,926.92
76.92M
2.03%
773.14
KMI30 187,064.83
92.44M
1.18%
2178.34
KMIALLSHR 54,222.82
335.57M
0.85%
459.02
BKTi 32,926.61
36.85M
3.15%
1004.93
OGTi 27,930.93
5.11M
0.57%
156.94
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,400.00 108,105.00
107,145.00
-835.00
-0.77%
BRENT CRUDE 66.75 66.93
66.34
0.01
0.02%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 107.65 0.00
0.00
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.10 65.27
64.67
-0.01
-0.02%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 12:23 PM GMT+05:00

GCIL, MARI sign term sheet for gas processing project


July 01, 2025 at 12:13 PM GMT+05:00

VIS reaffirms entity ratings of National Bank Ltd


July 01, 2025 at 11:49 AM GMT+05:00

PSX enhances complaint management system


July 01, 2025 at 11:32 AM GMT+05:00

HBL, UBL expand service hours for customer convenience



Top 5 things to watch in this week

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