Karachi, April 3, 2025 – Mari Energies Limited has announced its third significant discovery of condensate and gas at the Spinwam-1 Well in the Waziristan Block.
This latest breakthrough further strengthens Mari Energies’ position as a key player in Pakistan’s energy sector.
In a formal communication to the Pakistan Stock Exchange (PSX), Mari Energies referenced Letter No. CA-25-4427, dated March 17, 2025, detailing the discovery of hydrocarbons at the Spinwam-1 exploration well. The company confirmed that gas and condensate have been successfully encountered in the Kawagarh Formation within the Waziristan Block, Khyber Pakhtunkhwa.
Additionally, Mari Energies has reported a third gas and condensate discovery in the Hangu Formation at the same well. Initial testing has yielded impressive results, with gas flowing at a rate of 23.85 million standard cubic feet per day (MMSCFD) and approximately 122 barrels per day (bbl/day) of condensate. The well achieved these figures while operating on a 32/64″ choke, with a Well Head Flowing Pressure (WHFP) of 4,042 pounds per square inch gauge (psig).
The company has stated that further evaluations are underway to assess the potential of additional targeted formations at the Spinwam-1 Well. These ongoing tests are expected to provide further insights into the well’s overall productivity and long-term viability.
Mari Energies serves as the Operator of the Waziristan Block, maintaining a 55% working interest in the project. The company has partnered with Oil and Gas Development Company Limited (OGDCL), which holds a 35% working interest, and Orient Petroleum Inc., which retains a 10% stake in the joint venture.
This latest discovery marks another milestone in Mari Energies’ commitment to enhancing Pakistan’s energy resources and reducing reliance on imported fuels. With multiple successful discoveries in the Waziristan Block, Mari Energies continues to play a critical role in the country’s energy security and economic development. The company remains focused on leveraging advanced exploration techniques to unlock further hydrocarbon reserves, ensuring a stable and sustainable energy future for Pakistan.