Major Oil Discovery Made By Mari Gas Company Limited in Karak Block
Islamabad: Federal Minister for Petroleum and Natural Resources Dr. Asim Hussain congratulated Lt Gen ® Raza Muhammad Khan, Managing Director/CEO of Mari Gas Company Limited (MGCL) on the significant discovery of Crude Oil in the Karak Block. MD, MGCL called on the Minister today at Minister’s Office. Secretary Petroleum Mr. Muhammad Ejaz Chaudhry was also present on the occasion.
Mari Gas Company Limited (MGCL), has made a significant Crude Oil discovery 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 Exploration Block.
The Block is located at the boundaries of KPK 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 endeavour to reduce dependence on imported energy.
Dr. Asim Hussain congratulated Mari Gas Company on this achievement and assured that Ministry of Petroleum and Natural Resources would facilitate all efforts of the Company regarding exploration and production of hydrocarbons in the Country.
The Halini Well was spud on January 07, 2011. The well has been drilled upto 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 and Gas Company B.V. (an E and P Company of Hungary) acquired 40% interest share in the Block from MGCL.
MGCL has 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 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.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326