Discovered hydrocarbons in Khyber Pakhtunkhwa by Pakistan Oilfields Limited
Huge Hydrocarbon Discovery Announced by Pakistan Oilfields Limited (POL)
Hold onto your hats, folks! Pakistan Oilfields Limited (POL) has just made a massive announcement about a hydrocarbon discovery that's got everyone talking. On Thursday, POL unveiled the news of a major find at the Makori Deep-03 development well, located in the Tal block, Karak district, Khyber Pakhtunkhwa.
The Energy and Petroleum (E&P) sector was excited to share the details of this groundbreaking discovery with the Pakistan Stock Exchange (PSX) in a notice. In contemporary language, they were stoked to spill the beans about this significant hydrocarbons find from the Makori Deep-03 well situated in the district of Karak, Khyber Pakhtunkhwa.
According to the notice, a "significant quantity of hydrocarbons" has been discovered from the Makori Deep-03 development well. The drilling of this well started on December 12, 2024, and it was drilled to a total depth of 3,887 meters. Post-completion, the well flowed 22.08 million standard cubic feet (MMSCF) of gas per day and 2,112 barrels of condensate per day, along with 15 barrels of water per day at a flowing wellhead pressure of 4,744 psi from the Lockhart formation.
POL revealed that the well will be connected to the production line within two months. The Tal joint venture consists of Oil and Gas Development Company Limited (OGDCL), MOL Pakistan Oil & Gas Co. B.V. (the Operator), Pakistan Petroleum Limited (PPL), POL, and Government Holdings Private Limited (GHPL). Notably, MOL Group, a multinational oil and gas company headquartered in Budapest, Hungary, is the operator of the TAL Block.
The hydrocarbon exploration scene in Pakistan has experienced a boom recently, with POL and other Energy and Petroleum companies, like OGDC and PPL, unearthing hydrocarbon reserves at the Razgir-1 exploratory well in the Kawagarh formation, located in the Kohat district of Khyber Pakhtunkhwa last year.
Now, with the recent discovery at the Makori Deep-03 well adding to the excitement, it seems like the oil and gas sector in Pakistan is on a roll! Stay tuned for more updates as POL connects the Makori Deep-03 well to the production line.
- The recent discovery of a significant quantity of hydrocarbons at the Makori Deep-03 development well, operated by Pakistan Oilfields Limited (POL), has sparked immense interest in the finance sector, with analysts speculating the potential impact on the Pakistani economy and energy industry.
- As the oil and gas sector in Pakistan continues to gain traction, international players like MOL Group, a multinational oil and gas company headquartered in Budapest, Hungary, are showing increasing index for investing in Pakistan's oil-and-gas industry, particularly within the Tal joint venture.
- With Pakistan's Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), and Government Holdings Private Limited (GHPL) consistently uncovering new hydrocarbon reserves, the energy industry in Pakistan has become a fascinating landscape for investors, expecting robust growth and promising returns in the near future.
