Karachi, December 24, 2024 – Pakistan Petroleum Limited (PPL) announced a major gas discovery in the Jamshoro district of Sindh Province, marking a promising development for the nation’s energy sector.
In a statement to the Pakistan Stock Exchange (PSX), PPL revealed that the Kotri North Joint Venture, which includes United Energy Pakistan Limited (Operator with 50% working interest), PPL (40% working interest), and Asia Resources Oil Limited (10% working interest), has successfully uncovered hydrocarbons at the exploratory well Takri-1.
The Takri-1 well, situated in Jamshoro, Sindh, was spudded on November 11, 2024, and drilled to a total measured depth of 4,156 feet to evaluate the hydrocarbon potential of Late Cretaceous and Early Paleocene sands. Encouraging results from wireline logs and drilling data prompted the team to conduct Modular Dynamic Testing (MDT) on promising zones. The tests confirmed the presence of hydrocarbons in the interbedded sandstones of the Khadro Formation, dating back to the Paleocene Age.
Following the MDT results, the well was perforated and completed in the Khadro Formation. Completion Integrity Testing (CIT) confirmed the well’s productivity, with hydrocarbons flowing at a rate of 2.4 million standard cubic feet per day (MMscfd) of gas at a flowing wellhead pressure (FWHP) of 1,053 psig, using a 20/64″ choke.
This discovery not only highlights the potential of the Khadro Formation’s Paleocene sands but also underscores PPL’s strategic commitment to expanding Pakistan’s indigenous energy resources. The Takri-1 find is expected to contribute significantly to the nation’s hydrocarbon reserves, helping alleviate the ongoing energy crisis and reducing reliance on costly imported fuels.
PPL’s collaboration in the Kotri North Joint Venture demonstrates its continued leadership in exploration and production. By unlocking new reserves through cutting-edge exploration techniques, PPL reinforces its role in supporting the country’s energy needs. The Takri-1 discovery is a testament to the company’s expertise and dedication to addressing Pakistan’s energy challenges while boosting economic stability through reduced foreign exchange expenditures.