PPL Discovers More Gas Reserves and Condensate in Sindh

Pakistan Petroleum Limited (PSX: PPL) has announced the discovery of gas/condensate in Sujawal district, Sindh. After in-house evaluation of acquired data, another exploratory zone/formation was identified in Upper Sand (C-Sand) and a Gas / Condensate discovery has been made at the Upper Sand (C-Sand) reservoir at Pateji X-1 well, Shah Bandar Block. The well was drilled, tested, and made a discovery in Shah Bandar Block, operated by the Company with 63% working interest along with its Joint Venture partners, Mari Petroleum Company Limited (MPCL), Sindh Energy Holding Company Limited (SEHCL) and Government Holdings (Private) Limited (GHPL), each with working interests of 32%, 2.5% and 2.5% respectively. After rigorous internal G&G evaluation and deliberations, the exploration well Pateji X-1 was spudded on 11th October 2024 and drilled down to 2,475 meters (measured depth) to test the hydrocarbon potential of Upper Sands of Lower Goru Formation. Potential hydrocarbon-bearing zones were identified based on the drilling results and acquired wireline logs data. During testing, the well flowed 12.4 Million Standard Cubic feet per day (MMscfd) of gas and 196 barrels per day of condensate against Wellhead Flowing Pressure (WHFP) 2,551 psig at 32/64″ choke from Lower Goru Upper Sands (C-Sand). This discovery will add additional hydrocarbon reserves and enable the energy sector to reduce the current energy crisis in the country and will save significant foreign exchange for the country through indigenous hydrocarbon production.