Major Oil Reserves Discovered in Punjab Province of Pakistan

[Omar1984]

Mari Gas makes major oil discovery


ISLAMABAD: Mari Gas Company Limited (MGCL) has discovered 1,700 barrels a day crude oil with the additional potential of associated gas during the drilling of Halini Well (near the village Kamar Sar, Tehsil Essa Kheil, District Mianwali in its operated Karak Block.

The block is located at the boundaries of Khyber Pakhtunkhwa and Punjab provinces (between the districts of Karak and Mianwali). The discovery is estimated to accrue huge foreign exchange savings which could range in billion of dollars at the current oil price trend and thus contribute towards the nation’s endeavour to reduce dependence on imported energy.

The Halini Well was spud on January 7, 2011. The well has been drilled up to a depth of 5,350 metres. During the initial short duration tests carried out, the well flowed at the average rate of 1,700 barrels per day crude oil of API gravity 26 at 32/64” choke size.

The flow rates from the well are expected to increase with further testing and stimulation treatment which is planned to be conducted, shortly. The prospect is estimated to spread over a large area and the company is planning to drill additional wells to delineate the exact extent, size and reserves potential of this oil discovery.

The Karak Block was granted to MGCL, as operator and 100 per cent interest owner, on April 14, 2005, later MOL Pakistan Oil and Gas Company of Hungary acquired 40 per cent interest share in the block from MGCL.

MGCL has also made a gas/condensate discovery last year in its 100 per cent operated Sujawal Block in Sindh which is being put on test production by installing early production facilities.

MGCL also discovered the first ever oil in Balochistan when its Ziarat well flowed crude oil which is currently being evaluated/appraised for bringing it on production. Other recent discovery of gas by MGCL in its Sukkur Block’s Koonj Well has also been put on test production for gas supply to SNGPL. While, 44 mmcfd of gas from Mari Deep Reservoir would be provided to SNGPL.


Mari Gas makes major oil discovery | Business | DAWN.COM

 

[Omar1984]

Mari Gas strikes 'black gold' between KP and Punjab

The Halini Well was spud on January 7, 2011. The well has been drilled up to a depth of 5,350 meters. CREATIVE COMMON


ISLAMABAD: Mari Gas Company Limited (MGCL) made a significant crude oil discovery on Thursday, with the additional potential of Associated Gas, during the drilling of Halini Well in its operated Karak Exploration Block.

The Block is located at the borders of Khyber Pakhtunkhwa and Punjab provinces (between the districts of Karak and Mianwali). The discovery is estimated to accrue huge foreign exchange savings which could range in billions of dollars at the current oil price trend and thus contribute towards the nation’s endeavor to reduce dependence on imported energy.

Federal Minister for Petroleum & Natural Resources Dr Asim Hussain congratulated Lt Gen (R) Raza Muhammad Khan, Managing Director/CEO of Mari Gas Company Limited (MGCL) on the significant discovery.

MD, MGCL called on the Minister Thursday at Minister’s Office. Secretary Petroleum Muhammad Ejaz Chaudhry was also present on the occasion.

Dr Asim Hussain congratulated Mari Gas Company on this achievement and assured him that his Ministry would facilitate MGCL’s efforts regarding exploration and production of hydrocarbons in the country.

The Halini Well was spud on January 7, 2011. The well has been drilled up to a depth of 5,350 meters. During the initial short duration tests carried out, the well flowed at the average rate of 1,700 barrels/day Crude Oil of API gravity 26 at 32/64″ choke size.

The flow rates from the well, are expected to increase with further testing and stimulation treatment which is planned to be conducted, shortly. The prospect is estimated to spread over a large area and the Company is planning to drill additional wells to delineate the exact extent, size and reserves potential of this oil discovery.

The Karak Block was granted to MGCL, as operator and 100% interest owner, on April 14, 2005. Subsequently MOL Pakistan Oil & Gas Company B.V. (an E&P Company of Hungary) acquired 40% interest share in the Block from MGCL.

MGCL had also made a gas/condensate discovery last year in its 100% operated Sujawal Block in Sindh which is being put on test production by installing early production facilities. MGCL also discovered the first ever oil reserves in Balochistan when it’s Ziarat well flowed Crude Oil which is currently being evaluated/appraised for bringing it on production. Other recent discovery of gas by MGCL in its Sukkur Block’s Koonj Well has also been put on test production for gas supply to SNGPL.

It was also decided that 44 MMCF/D gas from Mari Deep Reservoir would be provided to SNGPL.


Mari Gas strikes ‘black gold’ between KP and Punjab – The Express Tribune

 

[Safriz]

oil is related to salt.
karak is known to have deposits of salt.
so discovery oil was inevitable..

 

[CLIPPER4LIFE]

There already a thread for this mods please move it!!!

 

[Omar1984]

Pakistan’s Mari Gas Advances After Discovering Oil Reserves

Oct. 14 (Bloomberg) -- Mari Gas Co., a Pakistani energy explorer, jumped almost by its daily limit of 5 percent in Karachi after saying it discovered oil reserves at a block.

Shares of the company, based in Islamabad, were set for their biggest gain in a month, rising to 94.87 rupees at 11:45 a.m. local time.

The company struck oil at a depth of 5,350 meters (17,600 feet) in Karak on the border of Khyber Pakhtunkhwa and Punjab provinces, it said in a filing to the stock exchange today. Tests indicated output of 1,700 barrels a day.

Mari Gas is partly owned by Mol Pakistan Oil & Gas BV, a unit of Mol Nyrt., Hungary’s largest refiner. Mol Pakistan has a 40 percent share in the Karak block, the company said.



Pakistan’s Mari Gas Advances After Discovering Oil Reserves - Businessweek