In a notification sent to PSX on 18/04/2024, Mari Petroleum Limited (MARI) has announced the third Ghazij well exceeds expectations at Mari Development & Production Lease.
MPCL has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL. This well is a part of the appraisal program for the Ghazij discovery which was disclosed vide letter no. MPCLlCS/CA-02/3386, dated January 25, 2023. The well was spudded in on February 15, 2024, and drilled down to a depth of 1,483 meters. The post-acid gas flow rate from the well was 10.5 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 490 pounds per square inch (Psi) at 64/64-inch choke size. The well shall be put into production in due course after the completion of requisite regulatory formalities. The company is also preparing a field development plan for submission to the relevant regulatory authority for approval. MPCL is the Operator of Mari D&PL with 100% working interest.
The shares of MARI were last trading at Rs.2646.15 today.
Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…
Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.
Taurus Securities Limited has just published a report on MLT's monthly sales.
AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…
AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…
Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…