AGL 37.55 Increased By ▲ 0.05 (0.13%)
AIRLINK 218.49 Decreased By ▼ -4.40 (-1.97%)
BOP 10.68 Decreased By ▼ -0.14 (-1.29%)
CNERGY 7.32 Decreased By ▼ -0.24 (-3.17%)
DCL 9.10 Decreased By ▼ -0.32 (-3.4%)
DFML 40.35 Decreased By ▼ -0.61 (-1.49%)
DGKC 102.20 Decreased By ▼ -4.56 (-4.27%)
FCCL 34.40 Decreased By ▼ -2.67 (-7.2%)
FFL 19.50 Increased By ▲ 0.26 (1.35%)
HASCOL 12.82 Decreased By ▼ -0.36 (-2.73%)
HUBC 130.69 Decreased By ▼ -1.95 (-1.47%)
HUMNL 14.42 Decreased By ▼ -0.31 (-2.1%)
KEL 5.27 Decreased By ▼ -0.13 (-2.41%)
KOSM 7.20 Decreased By ▼ -0.28 (-3.74%)
MLCF 45.45 Decreased By ▼ -2.73 (-5.67%)
NBP 65.79 Decreased By ▼ -0.50 (-0.75%)
OGDC 220.12 Decreased By ▼ -3.14 (-1.41%)
PAEL 44.25 Increased By ▲ 0.75 (1.72%)
PIBTL 9.08 Increased By ▲ 0.01 (0.11%)
PPL 192.28 Decreased By ▼ -5.96 (-3.01%)
PRL 41.60 Decreased By ▼ -0.64 (-1.52%)
PTC 26.69 Decreased By ▼ -0.70 (-2.56%)
SEARL 107.29 Decreased By ▼ -2.79 (-2.53%)
TELE 10.32 Decreased By ▼ -0.20 (-1.9%)
TOMCL 35.86 Decreased By ▼ -0.76 (-2.08%)
TPLP 14.48 Decreased By ▼ -0.47 (-3.14%)
TREET 25.86 Decreased By ▼ -0.67 (-2.53%)
TRG 67.34 Decreased By ▼ -1.51 (-2.19%)
UNITY 33.50 Decreased By ▼ -0.69 (-2.02%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
BR100 12,291 Decreased By -72.5 (-0.59%)
BR30 37,354 Decreased By -863.8 (-2.26%)
KSE100 116,637 Decreased By -482.9 (-0.41%)
KSE30 36,770 Decreased By -166.8 (-0.45%)

Gas reserves have been discovered at Rayyan-1, an exploratory well in Kirthar Block (2667-7) in Dadu, Sindh, said Pakistan Petroleum Limited (PPL), one of the country’s largest petroleum exploration and production company, in a notice to the Pakistan Stock Exchange (PSX) on Monday.

The Kirthar Block is operated by Polish Oil and Gas Company, PKN ORLEN Pakistan Branch (POGC) with 70% working interest along with its joint venture partner PPL, which has 30% working interest.

PPL discovers hydrocarbon reserves in Sindh

“Rayyan-1 was spud-in on 5th December 2022 and drilled to a depth of approximately 2.446 meters. Drill Stem Test (DST) was carried out at the said well and the well initially flowed at 7.8 million standard cubic feet per day (mmscfd) gas with the Wellhead Flowing Pressure (WHFP) of 1,920 Pounds per square inch (Psi) at 28/64” choke size,“ read the statement to the PSX.

“Following the DST, Rayyan-1 well successfully completed and concluded the completion integrity test. Accordingly, frac job was conducted and the well flowed at the rate of 12.88 mmscfd gas at the WHFP of 3,190 Psi at 28/64” choke size,“ it added.

PPL said that the latest discovery will add to its hydrocarbon reserves of the company.

PPL, partners discover hydrocarbon reserves in Sindh

Facing depleting local gas reserves, Pakistan increasingly relies on imported LNG to meet its energy needs. The company said that the latest discovery will help reduce the energy demand and supply gap in the country, “and will save significant foreign exchange for the country through indigenous hydrocarbon production”.

Last year, PPL made a hydrocarbon discovery from the exploratory well, Mohar-1, in the Latif Block in Sindh. PPL had made a similar discovery of hydrocarbons from an exploratory well, Jugan-1, in the same block.

Comments

Comments are closed.

Yousaf Hyat Apr 03, 2023 05:54pm
Gold at Riko Diko ? We never saw a nugget and paid a billion in fines already… same with gas “ con jeeta hai tayri zulf kay sar honay tak “
thumb_up Recommended (0)
Salim Akhtar Apr 03, 2023 06:09pm
Can have some real numbers and timeline for actual consumers receiving the gas? Why is the report so generic. Or is this a misleading release for political benefits
thumb_up Recommended (0)
Tulukan Mairandi Apr 03, 2023 06:11pm
It's peanuts
thumb_up Recommended (0)
TimeToMovveOn Apr 03, 2023 06:17pm
Yes, gas was discovered in the stomachs of Pakistan politicians! Lets celebrate.
thumb_up Recommended (0)
Zahid Hussin Apr 04, 2023 04:17am
Jobs
thumb_up Recommended (0)
Tulukan Mairandi Apr 04, 2023 10:06pm
Is it gonna be a "game changer"?
thumb_up Recommended (0)