News Desk |
Mari Petroleum Company Limited (MPCL) made a significant fossil fuel discovery at one of its exploratory wells; Bolan East-1 of Ziarat Block, near Mach City, in Kachhi District of Balochistan Province. MPCL is a licensed shareholder for the Ziarat Exploration License owning 60% working interest, while PPL (Europe) is the joint venture partner with 40% working interest.
Spudding for the well took place in mid-2018, and after clearing the water level the well was successfully drilled down to a depth of 1,500 meters. The well is part of a continuing process to explore the hydrocarbon potential of Dunghan, Moro/Mughal Kot and Chiltan Formations. MPCL Secretary Assad Rabbani said in a notice to the Pakistan Stock Exchange (PSX) that the company is extensively pursuing exploration activities in the region.
The Bolan region discovery and subsequent drillings has strengthened the MPCL’s successful exploration track record boosting the company forwards as it contributes further to the national economy.
This has since been hailed as the first ever oil discovery in the Chiltan and Moro Formations in Balochistan Province. The Drill Stem Tests conducted in the Chiltan Formation yielded an oil flow of 810 Barrels per Day at 15.6º API gravity oil with a wellhead flowing pressure of 134-167 PSI through a 32 by 64-inch choke size.
The Drill Stem Tests carried out in the Moro (Mughal Kot) Formation also yielded around 690 Barrels per Day of 15.6º API gravity oil with wellhead flowing pressure of 142-158 PSI through a 32 by 64-inch choke size “pre-acid” conditions of well test operations. Oil flow rate from Moro Formation well is predicted to increase to a higher volume following the acid stimulation process.
The Bolan region discovery and subsequent drillings has strengthened the MPCL’s successful exploration track record boosting the company forwards as it contributes further to the national economy. MPCL’s Assad Rabbani reaffirmed the company’s commitment to expanding its hydrocarbon base through more exploratory wells in the future.
Read more: Mari Gas discovers oil in Baluchistan, stock prices shoot up
The need for redeeming indigenous sources for energy is even more so important today as Pakistan’s rising energy requirements can be met as well as generating more revenue for the economy while reducing dependency on imports.