New Gas and Oil Reserves Discovered in Mianwali
ISLAMABAD: Mari Petroleum Company Limited announced on Friday it had struck another significant crude oil, condensate and natural gas discovery in its Kalabagh well in Karak block of Mianwali district, Punjab.
This joint venture in Karak is operated by Mari Petroleum with a 60% working interest and MOL having a 40% share.
The discovery at Kalabagh-1A ST1 is the second for the company in the block in Datta, Samanasuk and Lockhart formations. Earlier, it made a major crude oil find in the block at Halini well-I in 2011.
During testing at Kalabagh well, gas and condensate flowed in the Datta formation at a rate of 3.3 million standard cubic feet per day (mmscfd) and 160 barrels per day respectively.
The well was also successfully tested in the Samanasuk formation where gas and condensate flowed at a rate of 4.68 mmscfd and 180 barrels per day. In the Lockhart formation, crude oil flowed at a rate of 500 barrels per day.
“The new discovery is expected to add significantly to the nation’s hydrocarbon reserve base, contribute to foreign exchange savings and bridge demand and supply gap,” Mari Petroleum said in a press release.
Additionally, the company is drilling third exploratory well Halini Deep-I in the block, which is currently at the depth of 5,669 metres and is amongst the very few wells being drilled down to such lower depth.
“The Kalabagh find has increased the company’s exploration well success rate, which is already the highest in the country,” Mari Petroleum said.
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