PPL announces hydrocarbon discovery in Sindh

Pakistan Petroleum Limited (PPL) announced on Friday that it had discovered hydrocarbon reserves from its exploratory well Sawan North Deep-1 ST-1 (SND-1 ST-1), located in District Khairpur, Sindh.

The development was shared in a notice to the Pakistan Stock Exchange (PSX) today.

“The discovery was made throught Sawan Joint Venture, comprising of UEP Beta (operator with 25% working interest) along with PPL (30% working interest), PPL Europe E&P Limited (10% working interest), Prime AEP Limited (30% working interest) and Government Holdings (Private) Limited (5% working interest),” the notice said.

It shared that the exploratory well SND-1 ST-1 was spud-in on September 16, 2024, and successfully drilled down to 14,017 feet MD (Measured Depth).

The primary objective of the well was to explore and test the hydrocarbon potential of the Lower Goru Formation (A-Interval Sands), the company said.

“Based on wireline log interpretation and drilling results, post-completion testing was conducted inside identified promising intervals of A-sand, which yielded gas at the rate of approximately 0.30 MMSCFD against Flowing Wellhead Pressure (FWHP) of ~100 psig at 128/64” choke.”

The listed company further said that the well represents the first of its kind in the Sawan area to be drilled using an exclusive sequence stratigraphic (trap) evaluation approach.

“This pioneering methodology has successfully resulted in a hydrocarbon discovery, validating the underlying geological concept and opening new exploration horizons within the Sawan region,” the notice to the bourse said.