In order to supplement the government efforts to increase indigenous production of oil and gas Petroleum Exploration (Pvt) Limited (PEL) has started drilling of Sadiq-2, a new development well, in Shikarpur District. The well Sadiq-2 was spud-in on August 26, 2008 and is expected to be completed by end of September 2008.
The Chinese drilling Rig SPA-3 is being used for drilling of this well. Petroleum Exploration (Pvt) Limited is the Operator of Block 2768-3 with Pakistan petroleum Limited (PPL) Government Holdings (Pvt) Ltd (GHPL) and Pyramid Energy International Inc (PEII) as Joint Venture Partners. This is the second well spud-in by petroleum Exploration (Pvt) Ltd within the span of a fortnight.
Earlier, on 16 August Petroleum Exploration (Pvt) Ltd carried our spudding-in-of the Kandra Well Deep-4 in District Khairpur, Sindh. For this purpose, a brand new Drilling Rig form Weatherford International Inc (WII) was mobilised from Houston, USA. Petroleum Exploration (Pvt) Ltd is the operator in this Mining Lease, with Frontier Holdings Limited (FHL) and government Holdings (Pvt) ltd (GHPL) as Joint Venture Partners. After drilling of Kandra, the Weatherford rig will continue drilling exploratory wells in other blocks operated by PEL.
It may also be recalled that PEL is a joint venture partner of Mari Gas Company Limited, (MGCL) which drilled the Koonj Well located in Shikarpur in Sukkur Block and where gas was discovered. Arrangements are in hand to bring Koonj Well in Production and it is expected that about 10 mmscfd of gas will be supplied to SNGPL from this field.
PEL is currently producing around 40 mmscfd per day. It is striving hard to achieve the objective of enhancing the indigenous production of oil and gas of Pakistan. PEL has already hired 2 drilling rig one form Weatherford International Inc (WII) and other from SPA China. PEL is in the process of hiring one more rig at an early date.
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