Pakistan Petroleum Limited (PSX: PPL) has announced a significant gas and condensate discovery at the Pateji X-1 exploration well in the Shah Bandar Block, located in District Sujawal, Sindh Province.
The company, which operates the block with a 63% working interest, announced in a notice to the Pakistan Stock Exchange (PSX) on Friday. Joint venture partners include Mari Petroleum Company Limited (MPCL) with a 32% interest, Sindh Energy Holding Company Limited (SEHCL) with 2.5%, and Government Holdings (Private) Limited (GHPL) also with 2.5%.
This marks the third consecutive discovery in the Shah Bandar Block by PPL. The well was drilled and tested using local expertise, following comprehensive internal geological and geophysical evaluations. Spudded on October 11, 2024, the well reached a depth of 2,475 meters to assess the hydrocarbon potential of the Upper Sands of the Lower Goru Formation.
Drilling results and wireline log data identified hydrocarbon-bearing zones. During testing, the well produced 11.7 million standard cubic feet per day (MMscfd) of gas and 198 barrels per day of condensate, with a wellhead flowing pressure of 2,578 psig on a 32/64″ choke from the Lower Goru Upper Sands (D-Sand).
PPL stated that this discovery will enhance the country’s hydrocarbon reserves, contributing to alleviating the current energy crisis and saving significant foreign exchange through increased indigenous production.
