Monday, May 27, 2024

Mari Petroleum Discovers Another Huge Gas Reserves in Sindh

Mari Petroleum Company Limited (MARI) recently announced a significant achievement with the successful outcome of its second appraisal well in the Ghazij formation, situated within the Mari Development and Production Lease (D&PL) in Sindh, Pakistan. The drilling operations commenced on December 20, 2023, and culminated at a depth of 1,014 meters.

The post-drilling assessments unveiled promising results, with a gas flow rate recorded at 6.57 million standard cubic feet per day (MMSCFD) and a wellhead flowing pressure (WHFP) of 306 pounds per square inch (Psi), utilizing a 64/64-inch choke size. These metrics indicate the commercial viability and productivity potential of the well.

Mari Petroleum Company Limited is strategically positioned as the Operator of the Mari D&PL, possessing a 100% working interest in this venture. Such ownership affords the company full autonomy and control over operational decisions, facilitating streamlined processes and optimized outcomes.

The disclosed gas flow rate and pressure measurements not only underscore the technical proficiency and efficacy of the drilling operations but also signify a substantial contribution to the company’s overall production portfolio. This success reinforces Mari Petroleum’s commitment to leveraging its expertise and resources to drive sustained growth and value creation for stakeholders.

Furthermore, the company’s intention to commence test production from the newly appraised well underscores its proactive approach towards resource monetization and operational efficiency. Adherence to regulatory protocols ensures compliance with industry standards and fosters a conducive operating environment.

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