A fourth appraisal well in the Ghazij formation (also known as the Ghazij Discovery) in the Mari D&PL has been successfully drilled and tested, Mari Petroleum Company Limited (PSX: MARI) reported to the main exchange on Monday.
MPCL holds a 100% working stake and operates Mari D&PL. This well is a component of the Ghazi discover appraisal program, which was previously announced by MARI on January 25, 2023.
On April 21, 2024, the well was spudded and drilled to a depth of 1,006 meters. The well produced 5.0 million standard cubic feet per day (MMSCFD) of post-acid gas at a wellhead flowing pressure (WHFP) of 363 pounds per square inch (psi) at a choke size of 128/64 inches.
According to MARI, the well will be placed into production after the necessary regulatory procedures are finished. MARI’s scrip at the exchange was worth Rs. 2,701.01 at the time of filing, up 0.38 percent or Rs. 10.16 on Tuesday due to a turnover of 4,337 shares.
