AVN 65.13 Increased By ▲ 0.17 (0.26%)
BAFL 30.20 Decreased By ▼ -0.05 (-0.17%)
BOP 4.66 Increased By ▲ 0.02 (0.43%)
CNERGY 3.82 Decreased By ▼ -0.06 (-1.55%)
DFML 13.31 Decreased By ▼ -0.24 (-1.77%)
DGKC 42.60 Increased By ▲ 0.40 (0.95%)
EPCL 48.39 Increased By ▲ 2.58 (5.63%)
FCCL 11.28 Decreased By ▼ -0.13 (-1.14%)
FFL 5.15 Decreased By ▼ -0.02 (-0.39%)
FLYNG 5.81 Increased By ▲ 0.01 (0.17%)
GGL 9.94 Decreased By ▼ -0.10 (-1%)
HUBC 63.80 Increased By ▲ 0.50 (0.79%)
HUMNL 5.77 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.02 (0.07%)
KEL 2.20 Increased By ▲ 0.07 (3.29%)
LOTCHEM 25.17 Decreased By ▼ -0.16 (-0.63%)
MLCF 21.43 Decreased By ▼ -0.14 (-0.65%)
NETSOL 84.35 Decreased By ▼ -0.64 (-0.75%)
OGDC 88.01 Increased By ▲ 1.78 (2.06%)
PAEL 10.85 Decreased By ▼ -0.07 (-0.64%)
PIBTL 4.20 Decreased By ▼ -0.03 (-0.71%)
PPL 79.00 Increased By ▲ 0.48 (0.61%)
PRL 13.40 Decreased By ▼ -0.22 (-1.62%)
SILK 0.89 No Change ▼ 0.00 (0%)
SNGP 41.18 Increased By ▲ 0.32 (0.78%)
TELE 6.02 Increased By ▲ 0.02 (0.33%)
TPLP 15.91 Decreased By ▼ -0.09 (-0.56%)
TRG 111.65 Decreased By ▼ -0.05 (-0.04%)
UNITY 13.90 Decreased By ▼ -0.09 (-0.64%)
WTL 1.16 Increased By ▲ 0.03 (2.65%)
BR100 4,044 Increased By 17.5 (0.43%)
BR30 14,499 Increased By 96.2 (0.67%)
KSE100 40,607 Increased By 156 (0.39%)
KSE30 15,182 Increased By 71.6 (0.47%)
Follow us

The production of hydrocarbon from the Tolanj West -2, a development well in Tal block located in Kohat Plateau, Khyber Pakhtunkhwa, has successfully commenced significantly ahead of the original plan, Pakistan Oilfields (POL) said in a filing sent to the bourse on Friday.

POL, one of the largest Exploration & Production (E&P) companies in the country, shared that the production from this well was expected to start in December 2022, “however, with the best efforts of technical teams, wellhead surface facilities, and tie-in activities have made the production possible ahead of the original plan”.

“Tolanj West -2 well is currently producing 13.97 MMscfd of gas per day with 0.39 barrels per day of condensate and 2.10 barrels of water per day at the choke size of 51/64" at the flowing wellhead pressure of 1, 103 psi,” read the notice.

The pre-commerciality working interest of Pakistan Oilfields Limited is (25%), added the company.

Earlier in August, hydrocarbon reserves were discovered in Tolanj West-02, a part of Tal block, which was jointly explored and developed by MOL, Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDCL), Government Holdings Private Limited (GHPL) and POL.

POL, a subsidiary of the Attock Oil Company Limited (AOC), is engaged in the exploration, drilling and production of crude oil and gas in the country and produces crude oil, natural gas, and LPG that it markets under its brand name POLGAS.

At the time of this report, the shares of POL were being traded at Rs407.80, a decline of Rs2.75 or 0.67%.

Days ago, OGDCL announced the discovery of oil reserves from its exploratory well namely Toot Deep-I well located in Attock District, Punjab.

Comments

Comments are closed.

Pakistan Oilfields commences gas production from Tal block ahead of schedule

Intra-day update: rupee continues to sustain losses against US dollar

SBP denies USD rate capping caused loss

Import of used tractors: ECC asks MoC, SBP to rethink

IMF conditionalities: Govt raises fuel prices in a gesture of compliance

Imran Khan censures govt for ‘massive’ fuel hike

Oil climbs after drone attack in Iran, China’s pledge to promote consumption

Dar says fiscal discipline has to be imposed

Decline in cess collection lands body in trouble: Food ministry seeks Rs666.64m grant for cotton committee

Termination of SEL’s LoS: PPIB seeks comments from CPPA-G, NTDC

Hike to fuel inflation: Tarin