AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

Gas reserves have been discovered at Rayyan-1, an exploratory well in Kirthar Block (2667-7) in Dadu, Sindh, said Pakistan Petroleum Limited (PPL), one of the country’s largest petroleum exploration and production company, in a notice to the Pakistan Stock Exchange (PSX) on Monday.

The Kirthar Block is operated by Polish Oil and Gas Company, PKN ORLEN Pakistan Branch (POGC) with 70% working interest along with its joint venture partner PPL, which has 30% working interest.

PPL discovers hydrocarbon reserves in Sindh

“Rayyan-1 was spud-in on 5th December 2022 and drilled to a depth of approximately 2.446 meters. Drill Stem Test (DST) was carried out at the said well and the well initially flowed at 7.8 million standard cubic feet per day (mmscfd) gas with the Wellhead Flowing Pressure (WHFP) of 1,920 Pounds per square inch (Psi) at 28/64” choke size,“ read the statement to the PSX.

“Following the DST, Rayyan-1 well successfully completed and concluded the completion integrity test. Accordingly, frac job was conducted and the well flowed at the rate of 12.88 mmscfd gas at the WHFP of 3,190 Psi at 28/64” choke size,“ it added.

PPL said that the latest discovery will add to its hydrocarbon reserves of the company.

PPL, partners discover hydrocarbon reserves in Sindh

Facing depleting local gas reserves, Pakistan increasingly relies on imported LNG to meet its energy needs. The company said that the latest discovery will help reduce the energy demand and supply gap in the country, “and will save significant foreign exchange for the country through indigenous hydrocarbon production”.

Last year, PPL made a hydrocarbon discovery from the exploratory well, Mohar-1, in the Latif Block in Sindh. PPL had made a similar discovery of hydrocarbons from an exploratory well, Jugan-1, in the same block.

Comments

Comments are closed.

Yousaf Hyat Apr 03, 2023 05:54pm
Gold at Riko Diko ? We never saw a nugget and paid a billion in fines already… same with gas “ con jeeta hai tayri zulf kay sar honay tak “
thumb_up Recommended (0)
Salim Akhtar Apr 03, 2023 06:09pm
Can have some real numbers and timeline for actual consumers receiving the gas? Why is the report so generic. Or is this a misleading release for political benefits
thumb_up Recommended (0)
Tulukan Mairandi Apr 03, 2023 06:11pm
It's peanuts
thumb_up Recommended (0)
TimeToMovveOn Apr 03, 2023 06:17pm
Yes, gas was discovered in the stomachs of Pakistan politicians! Lets celebrate.
thumb_up Recommended (0)
Zahid Hussin Apr 04, 2023 04:17am
Jobs
thumb_up Recommended (0)
Tulukan Mairandi Apr 04, 2023 10:06pm
Is it gonna be a "game changer"?
thumb_up Recommended (0)