PPL successfully commissioned 2nd exploratory well, Jhim East X-1

News Image

By MG News | December 27, 2024 at 01:24 PM GMT+05:00

0:00

December 27, 2024 (MLN): Pakistan Petroleum Limited (PSX: PPL) has successfully commissioned the second exploratory well, Jhim East X-1, located in District Sujawal, Sindh Province.

This achievement is part of the ongoing exploration and development activities within the Shah Bandar JV Block (Block 2467-16), the company's filing on PSX revealed today.

The Jhim East X-1 well is producing approximately 10 million standard cubic feet per day (MMSCFD) of gas.

The well is also producing more than 150 barrels per day (BPD) of condensate, with a Wellhead Flowing Pressure (WHFP) of approximately 2,800 pounds per square inch (Psi) at a 40/64-inch choke size.

Jhim East X-1 gas is being processed at MPCL's Sujawal Gas Processing Facility for onward supply to SSGC.

The commissioning has added much-needed gas supplies to the national gas distribution network.

This will enable the energy sector to reduce the gap between supply and demand during the current energy crisis.

Additionally, This will save significant foreign exchange for the country through import substitution.

Shah Bandar JV is a joint venture between Pakistan Petroleum Limited (WI 63%) as operator, Mari Petroleum Company Limited (WI 32%), Sindh Energy Holding Company Limited (WI 2.50%) and Government Holdings Private Limited (WI 2.50%).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,361.35
151.74M
0.01%
17.32
ALLSHR 81,104.25
481.51M
0.10%
80.26
KSE30 39,876.02
63.23M
-0.08%
-32.24
KMI30 189,806.80
78.92M
0.14%
271.80
KMIALLSHR 54,896.09
238.96M
0.21%
112.43
BKTi 34,708.16
15.10M
-0.67%
-232.57
OGTi 28,517.41
11.73M
0.78%
221.36
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,060.00 110,120.00
109,200.00
-225.00
-0.20%
BRENT CRUDE 68.69 69.00
68.41
-0.42
-0.61%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.05 67.50
66.78
-0.40
-0.59%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 03, 2025 at 10:45 AM GMT+05:00

Population crisis declared national emergency


July 03, 2025 at 10:22 AM GMT+05:00

Bunny’s starts bread production in Islamabad


July 03, 2025 at 10:16 AM GMT+05:00

Atlas Honda updates bike prices amid new taxes



Top 5 things to watch in this week

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