POL discovers hydrocarbons
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KARACHI: Pakistan Oilfields Ltd (POL) in a notice to bourse said that hydrocarbons have been encountered in development well Makori Deep-02.
The information was received from operator of the TAL block, Mol, which drilled the well and is currently testing it.
The company further said that as a result of Drill Stem Test (DST) conducted to test the potential of Lockhart formation, the well has tested 1,844 barrels per day of oil and 18.25MMscf of gas per day at 32/64 inch fixed coke size at the flowing wellhead pressure of 3,767 psi.
Production from the well is expected to start from December with POL’s pre-commerciality working interest at 25 per cent.
Published in Dawn, August 23rd, 2019
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Comments (3) Closed
Aug 23, 2019 10:23am
Great news.
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Aug 23, 2019 12:10pm
Pakistan's oil consumption in Dec 2018 was about 500 barrels/day. If Makori Deep-02 really is tested at 1821 barrels/day then this is great news. I would like a follow up article about this topic with further statistics and the implications of this oil well on our economy, if any.
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Aug 23, 2019 03:33pm
Correction, Pakistan's average consumption for 2018 was about 500,000 bpd, not 500bpd. 1,844 bpd from this well does not seem that significant.
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