October 3, 2002	Thursday	Rajab 25, 1423

KARACHI, Oct 2: Pakistan Petroleum Limited (PPL) has announced the presence of additional oil reserves in Sakesar formation of Adhi Field and commencement of oil and gas production from Adhi Well-13.

The Well-13 is expected to produce 2,500 to 3,000 barrels of oil and four to five million cubic feet per day of gas enhancing field’s existing daily oil/NGL production from 2,500 barrels to around 5,000 barrels per day.

Adhi field is located in the districts of Rawalpindi and Chakwal and is a joint venture between PPL, Oil and Gas Development Authority (OGDCL) and Pakistan Oilfields Limited (POL). The field currently produces 2,500 barrels of oil/GNL, about 65 tons of LPG and 20 million cubic feet of gas on daily basis. So far 13 wells have been drilled in the Mining Lease Area and now the drilling of Adhi well-14 is underway.

PPL, in a statement, said that Adhi Well-13 was tested in June 2002. The increase in oil production from Adhi Field will provide a major boost to the government’s drive for increasing production from indigenous energy resources.