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Markets Print edition: 2024-07-02

Ghazij Formation: MPCL successfully drills 4th appraisal well

Published July 2, 2024 Updated July 2, 2024 05:07am
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KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled and tested the fourth appraisal well in Ghazij Formation (Ghazij Discovery) in the Mari D&PL.

This well is a part of the appraisal program for the Ghazij discovery, material information sent to Pakistan Stock Exchange on Monday said.

The well was spudded in on April 21, 2024, and drilled down to a depth of 1,006 meters. The post-acid gas flow rate from the well was 5.0 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 363 pounds per square inch (psi) at 128/64-inch choke size. The well shall be put on production in due course after completion of requisite regulatory formalities.

Copyright Business Recorder, 2024

mpcl Ghazij formation

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Faheem ahmad Jul 02, 2024 09:49am
Stock market Kam Karna hai. Mari qualification middle hai
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