AIRLINK 75.36 Increased By ▲ 0.06 (0.08%)
BOP 4.94 No Change ▼ 0.00 (0%)
CNERGY 4.38 Decreased By ▼ -0.01 (-0.23%)
DFML 40.33 Decreased By ▼ -0.85 (-2.06%)
DGKC 85.35 Increased By ▲ 2.04 (2.45%)
FCCL 22.40 Increased By ▲ 0.75 (3.46%)
FFBL 32.11 Increased By ▲ 0.11 (0.34%)
FFL 9.38 Decreased By ▼ -0.04 (-0.42%)
GGL 10.15 Increased By ▲ 0.07 (0.69%)
HASCOL 6.91 Increased By ▲ 0.09 (1.32%)
HBL 114.10 Increased By ▲ 0.10 (0.09%)
HUBC 139.28 Increased By ▲ 0.18 (0.13%)
HUMNL 12.08 Increased By ▲ 0.08 (0.67%)
KEL 4.87 Decreased By ▼ -0.04 (-0.81%)
KOSM 4.41 Increased By ▲ 0.05 (1.15%)
MLCF 38.10 Increased By ▲ 0.59 (1.57%)
OGDC 132.70 Decreased By ▼ -0.15 (-0.11%)
PAEL 25.20 Increased By ▲ 0.35 (1.41%)
PIBTL 6.56 Decreased By ▼ -0.04 (-0.61%)
PPL 118.30 Increased By ▲ 0.50 (0.42%)
PRL 26.03 Decreased By ▼ -0.03 (-0.12%)
PTC 13.67 Decreased By ▼ -0.05 (-0.36%)
SEARL 57.40 Increased By ▲ 0.15 (0.26%)
SNGP 67.30 Increased By ▲ 0.80 (1.2%)
SSGC 10.26 Increased By ▲ 0.02 (0.2%)
TELE 8.18 Decreased By ▼ -0.03 (-0.37%)
TPLP 10.74 Increased By ▲ 0.04 (0.37%)
TRG 62.50 Increased By ▲ 0.10 (0.16%)
UNITY 26.81 Decreased By ▼ -0.23 (-0.85%)
WTL 1.36 Increased By ▲ 0.01 (0.74%)
BR100 7,875 Increased By 29.5 (0.38%)
BR30 25,354 Increased By 98 (0.39%)
KSE100 75,182 Increased By 346.2 (0.46%)
KSE30 24,125 Increased By 120.8 (0.5%)

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has discovered oil Shawal-l well located in Mari Development and Production Lease (D&PL), Sindh.

“This is the first ever oil discovery in Mari D&PL, which has been in gas production since 1967,” MARI, which is an operator of Mari D&PL with 100% working interest, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday.

“We are pleased to inform that Mari Petroleum Company Limited (MARI) has made an oil discovery resulting from its exploratory efforts at Shawal-l well, drilled in Mari D&PL, located in Sindh,” read the notice.

The company shared that Shawal-l well was spud in on January 27, 2024, and successfully drilled down to a total depth of 1,136 meters into the Ghazij Formation.

“During testing, the well produced 1,040 barrels of crude oil of ~30 degree API oil with 12% Basic Sediment & Water (BS&W) along with 2.5 million standard cubic feet per day (MMSCFD) of associated gas at wellhead flowing pressure (WHFP)of 953 pounds per square inch (Psi) at 32/64 inch choke size.

Last week, MARI successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL.

By operating the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, MARI is the second largest producer of natural gas in Pakistan.

The company is an integrated oil and gas exploration and production company and around 70% exploration success rate, which is much higher than industry averages of around 33% national and 14% international.

MARI’s key customers include fertilizer manufacturers, power generation companies, gas distribution companies; and refineries.

Comments

200 characters
Salim john Apr 23, 2024 07:32am
Happy to see your exploration, I am B.Sc & B.Sc in mechanical engineering. May I get job in your esteemed organization.
thumb_up Recommended (0) reply Reply
Salim john Apr 23, 2024 07:41am
Yes, your success is higher than others. It's due to your hard work,technology and regulations of your professional engineers and staffs .
thumb_up Recommended (0) reply Reply
Usman Apr 23, 2024 10:11am
@Salim john , need to add skills and leave the country.there is nothing here.
thumb_up Recommended (0) reply Reply
Saquib Siddiqui Apr 23, 2024 11:00am
MPCL shouldn't let go Rizwan Sher. He is master mind behind that and success of past 2~3 years. He should be called back.
thumb_up Recommended (0) reply Reply
Muhammad Muslemeen Apr 23, 2024 10:01pm
Thank Allah. One day Pakistan wiil be a oil exporting country.
thumb_up Recommended (0) reply Reply