Karachi, December 23, 2019 (PPI-OT): Pakistan Petroleum Limited (PPL) the operator of Margand Block (2866-4) with 100 percent working interest has made a hydrocarbons discovery from its 1st exploratory well Margand X-1 in the block. It is located in District Kalat, Balochistan Province.
Margand X-1 was spud on 30 June 2019 and reached a depth of 4,500 meters (Measured Depth) inside Chiltan Limestone. On the basis of wireline logs, Modular Dynamics Testing (MDT) was carried out, which proved the presence of hydrocarbons. Based on wireline and MDT results, Drill Stem Test (DST) was conducted in the Chiltan Limestone.
During DST, the well flowed 10.7 million cubic feet per day gas at 64/ 64 inches choke size with flowing well head pressure of ~ 516 pounds per square inch (Psi) with 132 barrels per day liquid. The nature of liquid is being investigated. The well has potential to flow at higher rates after acid stimulation job.
It is highlighted that this is the first gas discovery on Kalat Plateau and it has opened a new sub-basin for further hydrocarbon exploration. The discovery of Margand X-1 well is the result of an aggressive strategy in the exploration of frontier basins adopted by PPL, to open new avenues for hydrocarbon exploration and production in Balochistan Province. This discovery will add to PPL’s hydrocarbon reserves and will contribute in reducing the gap between supply and demand of oil and gas in the country through the exploitation of indigenous resources.
For more information, contact:
Pakistan Petroleum Limited (PPL)
4th Floor, PIDC House, Dr. Ziauddin Ahmed Road,
P. O. Box 3942, Karachi – 75530, Pakistan
Fax: +92-21-35680005, +92-21-35682125
Category: General Business News