PPL discovers hydrocarbon from Exploratory Well Mamikhel South 1 in Tal Block

News Image

MG News | July 17, 2020 at 03:39 PM GMT+05:00

0:00

July 17, 2020 (MLN): Pakistan Petroleum Limited has announced the discovery of hydrocarbon in the exploratory well, Mamikhel South 1, in the TAL Block, which is situated in KPK.

The Company holds a 30% working interest; Oil and Gas Development Company Limited holds 30%; Pakistan Oil Fields Limited holds 25%; MOL Pakistan Oil & Gas Co. B.V., which operates the Block, holds 10%; and Government Holdings (Private) Limited holds 5% working interest in the Block.

The well was drilled and tested using the operator’s internal expertise and in consultation with the Block’s joint venture partners. The well was drilled to a depth of 4,939 meters. It was tested at a rate of 3,240 bbl/d (barrels per day) condensate and 16.12 mmscfd (million standard cubic feet per day) gas through choke size 32/64” at whfp (wellhead flowing pressure) of 4,476 psi (pounds per square inch) from the Lockhart and Hangu formations.

The discovery is the result of an aggressive exploration strategy adopted by the joint venture partners and it has de-risked the exploration play in the deeper reservoir in the Block, leading to new upside opportunities.

‘The discovery will contribute to improving the energy security of the country from indigenous resources and it will also increase the hydrocarbon reserves of the joint venture partners and the country’, the company stated in its notification issued to the PSX.

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%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

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