AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 212.00 Increased By ▲ 1.62 (0.77%)
BOP 9.40 Decreased By ▼ -0.08 (-0.84%)
CNERGY 6.37 Decreased By ▼ -0.11 (-1.7%)
DCL 8.78 Decreased By ▼ -0.18 (-2.01%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.94 Decreased By ▼ -1.98 (-2.04%)
FCCL 35.25 Decreased By ▼ -1.15 (-3.16%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 15.47 Increased By ▲ 0.52 (3.48%)
HUBC 127.52 Decreased By ▼ -3.17 (-2.43%)
HUMNL 13.26 Decreased By ▼ -0.03 (-0.23%)
KEL 5.37 Decreased By ▼ -0.13 (-2.36%)
KOSM 6.80 Decreased By ▼ -0.13 (-1.88%)
MLCF 43.30 Decreased By ▼ -1.48 (-3.31%)
NBP 59.00 Decreased By ▼ -0.07 (-0.12%)
OGDC 225.99 Decreased By ▼ -4.14 (-1.8%)
PAEL 38.55 Decreased By ▼ -0.74 (-1.88%)
PIBTL 8.26 Decreased By ▼ -0.05 (-0.6%)
PPL 196.50 Decreased By ▼ -3.85 (-1.92%)
PRL 38.17 Decreased By ▼ -0.71 (-1.83%)
PTC 26.00 Decreased By ▼ -0.88 (-3.27%)
SEARL 100.51 Decreased By ▼ -3.12 (-3.01%)
TELE 8.40 Decreased By ▼ -0.05 (-0.59%)
TOMCL 34.90 Decreased By ▼ -0.35 (-0.99%)
TPLP 13.25 Decreased By ▼ -0.27 (-2%)
TREET 25.70 Increased By ▲ 0.69 (2.76%)
TRG 68.80 Increased By ▲ 4.68 (7.3%)
UNITY 34.00 Decreased By ▼ -0.52 (-1.51%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,937 Decreased By -159.1 (-1.31%)
BR30 37,113 Decreased By -602.2 (-1.6%)
KSE100 111,071 Decreased By -1343.9 (-1.2%)
KSE30 34,987 Decreased By -521.4 (-1.47%)

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi formally inaugurated the recently commissioned 50 MMscfd Gas Processing Facility II (GPF-II) at Gambat South Block during a well-attended event hosted by Pakistan Petroleum Limited (PPL). The occasion drew a diverse gathering comprising provincial and local government officials, area notables and media representatives.
Working on full capacity, GPF-II is currently producing 35 MMscfd pipeline quality sales gases, nearly 680 bpd condensate and 12 mtd LPG, which translates to more than 2.3 MMBOE annually, resulting in an annual saving of USD 105 million to the national exchequer. Located in district Sanghar, Sindh, Gambat South is operated by PPL with 65 percent working interest. So far, eight discoveries- Wafiq, Shahdad, Sharf, Kinza, Faiz (two formations), Kabir and Hatim - have been made in the block. Of these, Shahdad is already producing 6 MMscfd sales gas and 80 bpd condensate through GPF-I commissioned since mid-2015.
In his welcome address, MD and CEO Syed Wamiq Bokhari gave an overview of the company's exploration and production programme with a focus on production enhancement efforts from Gambat South. He also shared PPL's recent achievements, including net production crossing the 1 Bcfpde mark, and the current year's ambitious plan of drilling a record 28 wells. In addition, Bokhari spoke on PPL's CSR efforts in Sindh, including District Sanghar.
Speaking on the occasion, Abbasi commended PPL on its efforts to support the government's resolve to bridge the demand-supply gap. Looking ahead, PPL plans to install GPF-III with a processing capacity of 60 MMscfd to tap additional reserves from the block. GPF-III is expected to be completed by the close of 2017.

Copyright Business Recorder, 2016

Comments

Comments are closed.