Mari Petroleum Company Limited (PSX: MARI) has made an oil discovery resulting from its exploratory efforts at Shawal-l well, drilled in Mari D&PL, located in Sindh, the exploration firm informed the main bourse on Monday.
According to the filing, Shawal-l well was spud-in on January 27, 2024, and successfully drilled down to a total depth of 1,136 meters into the Ghazij Formation.
During testing, the well produced 1,040 barrels of crude oil of ~30 degrees API oil with 12 percent Basic Sediment & Water (BS&W) along with 2.5 million standard cubic feet per day (MMSCFD) of associated gas at wellhead flowing pressure (WHFP) of 953 pounds per square inch (Psi) at 32/64 inch choke size.
This is the first-ever oil discovery in Mari D&PL, which has been in gas production since 1967.
MPCL is the Operator of Mari D&PL with 100% working interest.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.