By the grace of Almighty Allah, Mari Petroleum Company Limited (MPCL) is pleased to announce a gas/condensate discovery resulting from its exploratory efforts at Bannu West-1 ST-1 Exploration Well, drilled in Bannu West Block, located in North Waziristan district, KP Province. MPCL is the Operator of Bannu West Block having 55% working interest alongwith OGDCL and ZPCL as joint venture partners having 35% and 10% working interest respectively.
The said well was spud-in on June 06, 2021 and successfully drilled down to the depth of 4,915 meters. The Drill Stem Tests carried out in Lockhart Limestone formation flowed gas at a rate of around 25 Million Standard Cubic Feet Per Day (MMSCFD) with wellhead flowing pressure (WHFP) of 4339 Psi and around 300 Barrels per Day condensate at 32/64 inch choke size (Pre-acid job). Earlier, another Drill Stem Test in Hangu Formation also tested gas at a rate of around 1.6 MMSCFD with WHFP of 297 Psi at 32/64 inch choke size.
The Company believes that this is a large gas/condensate discovery and first ever in North Waziristan, which is the results of an aggressive exploration strategy adopted by the Company and supported by the Joint Venture partners. Further, appraisal however is required to confirm the extent and production potential of the discovery. Once developed, it will help to mitigate gas demand and supply gap from indigenous resources and will add to the hydrocarbon resource base of the Joint Venture and the Country.
Mr. Faheem Haider, Managing Director has said that the management is very excited on this discovery which could go a long way in meeting the country’s energy needs from indigenous resources resulting in saving of foreign exchange on account of import substitution. He said that we are committed to implement a fast track appraisal and development program to fully exploit the hydrocarbon resources and to discover additional hydrocarbon potential in the Block.
He further said that we are highly thankful to DGPC, Provincial Government, Law Enforcement Agencies and Local Community for extending their cooperation during the operational activities.
Mari Petroleum Company Limited Announces Gas / Condensate Discovery At Well Bannu West-1 Located In Bannu West Block – KP Province
