KARACHI: Mari Petroleum Company Ltd (MPCL) has made the first-ever oil discovery in Chiltan and Moro/Mughal Kot Formations in Balochistan.

The company informed the PSX on Friday that the Ziarat Joint Venture had made a new oil discovery well Bolan East-1 in Ziarat Block, near Mach City in Kachhi district of Balochistan.

MPCL is the operator with 60 per cent working interest while Pakistan Petroleum Ltd (Europe ) holds 40pc stake in the joint venture.

The company further observed in regard to the oil discovery that the well was spud-in on May 22, 2018 and successfully drilled down to the depth of 1,500 metres, with the objectives to test the hydrocarbon potential of Dunghanj, Moro/Moghul Kot and Chiltan Formationsj.

It said the drill stem tests carried out in Chiltan Formation flowed 810 barrels per day of 15.6 degree API gravity oil with wellhead flowing pressure of 142-158 psi @ 32/64 inch choke size during pre-acid well test operations.

Mari Petroleum added that the oil flow rate from Moro/Mughal Kot Formations was expected to increase after acid stimulation job. “The discovery is being further evaluated from commercial perspective.”

Published in Dawn, September 15th, 2018