Pakistan Petroleum Limited (PSX: PPL) has enhanced its production by 19 MMSCFD following the successful execution of a production enhancement opportunity in Sui Gas Field, the company informed the main bourse on Tuesday.
“With many of the Company’s producing fields maturing and on their natural decline, the Company has identified and executed a production enhancement opportunity in Sui Gas Field through Revamping of SML Compressors resulting in production increase,” the stock filing said.
The execution of this opportunity has manifested in a production gain of 19 MMSCFD, it added.
This revamping project was initiated in March 2023 and completed in June 2024, addressing the declining wellhead pressure due to field aging. All seven SML Compressors were successfully revamped by operating at a lower inlet pressure to sustain production from the Sui Gas Field.
This additional and cost-effective indigenous hydrocarbon production will contribute to bridging the energy demand and supply gap and save significant foreign exchange for the country, the company said.