Inside Financial Markets

Mari Petroleum discovers gas in Sindh

Mari Petroleum Company Limited (MPCL) has made a new gas discovery at Shahbaz-1 Exploration Well, drilled in Mari D&P Lease, in District Ghotki, Sindh.

MPCL is the sole owner and operator of Mari D&P Lease. A company spokesman said the well was spud-in on July 22, 2016 with the objective to test the hydrocarbon potentials of Sui Main Limestone (SML) and Sui Upper Limestone (SUL).

“The drill stem tests successfully flowed at a rate of 10.866mmcfd gas at 936 Psi.” The new 3D seismic data has also indicated additional new prospects at different reservoir levels, which the company plans to drill in the next two-three years.

The Shahbaz-1 discovery would further augment MPCL’s exploration well success rate. This discovery will add to the national grid additional gas volumes and will also be helpful in reducing the energy shortage in the country.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)