Islamabad, Apr 8, 2025: Mari Energies Limited is pleased to announce the Fourth gas/condensate discovery at Spinwam-1 exploratory well in the Lockhart Formation, drilled in Waziristan Block, located in North Waziristan district, KP Province.
This follows the previous announcements on 25th February 2025, 17th March 2025 and 3rd April 2025, highlighting hydrocarbon discoveries in the Samanasuk, Kawagarh, and Hangu formations, respectively, in the same well.
The testing of the Lockhart Formation has shown a flow rate of 70.3 MMSCFD of gas and approximately 310 bbl/day of condensate at 64/64” choke size. The Well Head Flowing Pressure (WHFP) of 3,264 psig was recorded during the test.
READ MORE:
Pakistani Fintech Raises $52M to Enter GCC Market
MariEnergies is the Operator of Waziristan Block having 55% working interest along with Oil and Gas Development Company Limited and Orient Petroleum Inc. as joint venture partners having 35% and 10% working interest respectively.
Mr. Faheem Haider, Managing Director & CEO of MariEnergies, emphasized company’s continued commitment to exploring and developing Pakistan’s domestic hydrocarbon reserves.
He remarked that the new discovery highlights that the country has significant remaining hydrocarbon potential and the company’s efforts are bringing positive results to address the country’s growing energy needs.
Mr. Haider also expressed gratitude to the Ministry of Petroleum, DGPC, the Provincial Government, Law Enforcement Agencies, local communities, and the joint venture partners for their invaluable support throughout the operations.
READ MORE:
Pakistan and China Partner for Technological Boost in Cotton Production
Lt. Gen. Anwar Ali Hyder (Retd), Chairman of the Board of Directors at Mari Energies, commended the Mari Energies team for their dedication and hard work in achieving this important milestone.
He acknowledged the crucial support provided by law enforcement agencies, the federal and provincial governments, and the joint venture partners, which played a key role in ensuring the success of the Waziristan JV.
