PPL announces gas discovery in Sindh

KARACHI: Pakistan Petroleum Limited (PSX: PPL) said on Tuesday that it had made a gas discovery at the exploratory well Tor-1 in Latif Block, located in Khairpur District, Sindh.

In a note sent to the Pakistan Stock Exchange (PSX), the company added that the well is operated by United Energy Pakistan Beta (UEP Beta) with a 33.40 per cent working interest along with its joint venture partners: PPL and Prime Pakistan Limited, with a 33.30 per cent working interest each.

The exploratory well Tor-1 was spud-in on May 5, 2024 and successfully reached the target depth of 3,438 metres (measured depth).Based on wireline logs interpretation and the modular formation dynamic tester (MDT), intra-C sand of Lower Goru Formation was tested, the note said.

The well flowed at the rate of 11.27 million standard cubic feet per day (MMSCFD) gas against the well head flowing pressure (WHFP) of 1,424 pounds per square inch (PSI) at 40/64inch choke.PPL is hopeful that this discovery will add more hydrocarbon reserves and help in enhancing indigenous hydrocarbon supply and meeting gas demand in the country.