Mari Petroleum Company discovers Gas Reserves in Ghotki District Sindh

Mari Petroleum Discovers news reserves of Gas in Ghotki

KARACHI: The Mari Petroleum Company Limited (MPCL), a joint venture of the government and the Fauji Foundation, has announced a milestone gas discovery in District Ghotki, Sindh, on Wednesday.

In a notice sent to the equity market, the company said MPCL has made a significant gas discovery at exploratory well Shahbaz-l in Mari Development and Production (D&P) Lease Area in District Ghotki, Sindh.

“The well was spud-in on July 22, 2016 and drilled down to the depth of 1,180 meters to explore/test the hydrocarbon potentials of Sui Main Limestone (SML) and Sui Upper Limestone (SUL)”, said Company Secretary Assad Rabbani.

“The Drill Stem Tests carried out in SML and SUL Formations resulted in discovery of gas which flowed at a combined rate of 10.866 MMSCFD at Wellhead Flowing Pressure of 936 Psi at 48/64 inch choke size”, he further said.

During the financial year 2015-16, the Company produced 30.48 million barrels of oil equivalent energy which resulted in foreign exchange saving of around Rs 142 billion. In addition, the Company contributed around Rs 77.33 billion to the national exchequer on account of taxes, royalty, excise duty, sales tax, gas infrastructure development and gas development surcharge’, MPCL stated in its annual report.

Source: Online

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