KARACHI: Pakistan Petroleum Limited (PPL) has informed about the commencement of production from new development well, Adhi South-8, drilled in Adhi mining lease with joint Venture partners OGDCL and POL.
“We are pleased to disclose that as part of our continuous efforts towards increasing production of oil and gas, production has commenced from Adhi South-8, a new development well drilled in Adhi Mining Lease which is operated by the Company with 39 percent working interest along with its Joint Venture partners, Oil and Gas Development Compnay Limited (OGDCL) and Pakistan Oilfields Limited (POL) with working interests of 50 percent and 11 percent respectively,” material information sent to Pakistan Stock Exchange on Thursday said.
Adhi South-8 was successfully drilled to a depth of 3,460 meter and completed as producer based on encouraging log results.
Subsequently to tie-in of the well with the plant, production from the well has commenced at the rate of 550 barrels per day (bpd) of oil and 0.8 million standard cubic feet per day (mmscfd) of gas at 36/64 inch choke.
“This additional indigenous hydrocarbon production will contribute to reducing the energy demand and supply gas and save significant foreign exchange for the country,” it added.
Copyright Business Recorder, 2024
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