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Business & Finance PPL (Pakistan Petroleum Limited) 59.85 Decreased By ▼ -0.83%

PPL initiates crude oil production from well discovered in Ziarat

  • Back in September, PPL disclosed the 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.
Published November 13, 2020
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Pakistan Petroleum Limited, one of the country’s leading oil exploratory company has initiated production from a crude oil well discovered Exploratory Well Bolan East-1, Ziarat Block, Balochistan.

“We are pleased to now disclose 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,” said the company in a statement.

Back in September, PPL disclosed the 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.

PPL 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 percent working interest in the Ziarat Exploration Licence and operates it, while the remaining 40pc working interest therein is held by the Company’s wholly-owned subsidiary, PPL Europe E&P Limited.

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