PPL Makes Another Hydrocarbon Discovery in Sindh

Pakistan Petroleum Limited has discovered hydrocarbons from its exploration well Badeel X-1, located in district Sangarh, Sindh.

PPL, which is the operator of the Gambat South block, has a 65% working interest in the well – together with its joint venture partners, Government Holdings Private Limited and Asia Resources Oil Limited, which have 25% and 10% working interest, respectively – and has discovered gas and condensate.

The initial testing in the Massive Sand of Lower Goru Formation flowed 23.5 MMscfd of gas along with condensate of 91 barrels per day at FWHP of 3,260 psi on 40/64” choke.

According to the company, the well is being flowed at different choke sizes to measure the hydrocarbon flow rates.
The actual flow potential of the well will be determined after evaluating and testing other potential hydrocarbon bearing zones in the well.

PPL’s script at the bourse was trading at Rs 211.50, up by Rs 0.20, with a turnover of 316600 shares.

Recent Discoveries

Two weeks ago, PPL discovered hydrocarbons from the exploratory well ‘Yasar X-1’, which is located in Sujjawal district, Sindh.

Back in July, Pakistan Petroleum, together with its joint venture partner Sindh Energy Holding Company limited, also discovered hydrocarbons from well Hub X-1, which is located in Lasbela District, Balochistan.

Earlier in March 2018, it had announced a hydrocarbon discovery at Adhi South X-1, an exploratory well in Rawalpindi.

  • Discover Karte Jao But Plant Na Lagao

    • SAM

      Yeh kis nay kaha hay kay PPL plants nahe laaga rahe?

      • Kafi Salo Se News Sunte A Rahy hai New GAS OIL Etc Discovered in various places in Pakistan but new plant k bare main koi update nahi deta

    • SAM

      Yeh kis nay kaha hay kay PPL plants nahe laaga rahe?

    • SAM

      PPL kay baray main kitna jantay hain ap ?

      • Pakistan Petroleum Limited is a multinational, global competitive and one of the largest state-owned mega-corporation of Pakistan.

        Kafi hai Ya Aur Batao

        • Bs karo bhai rulao gay kya

        • SAM

          lol tmahray comments kay hisab say kafi hay lol