Pakistan Petroleum Limited (PSX: PPL) announced a gas discovery at the exploratory well Tor-1 in the Latif Block, Khairpur District, Sindh. The development was communicated through a notice to the Pakistan Stock Exchange (PSX) on Tuesday. The well is operated by United Energy Pakistan Beta (UEP Beta), holding a 33.40% working interest, with PPL and Prime Pakistan Limited each holding 33.30% interest.
- Drilling Details:
- Spud-in Date: May 5, 2024
- Target Depth: 3,438 meters (measured depth)
- Testing Results:
- Formation: Intra-C sand of Lower Goru Formation
- Flow Rate: 11.27 million standard cubic feet per day (MMSCFD)
- Well Head Flowing Pressure (WHFP): 1,424 pounds per square inch (PSI) at a 40/64 inch choke
PPL anticipates that this discovery will increase hydrocarbon reserves and contribute to the domestic gas supply, aiding in meeting the country’s gas demand. The company, incorporated in Pakistan in 1950, focuses on the exploration, development, and production of oil and natural gas resources.
More : PPL announces gas discovery in Sindh (thenews.com.pk)
