KARACHI/ISLAMABAD: Mari Petroleum Company Limited (MARI), one of Pakistan’s leading energy and exploration firms, has made a significant oil discovery in the Shawal-l well located in the Mari Development and Production Lease (D&PL), Sindh.
MARI, the operator of Mari D&PL with a 100% working interest, stated on Monday in a notice to the Pakistan Stock Exchange (PSX), “This marks the first oil discovery in Mari D&PL, which has been primarily in gas production since 1967.”
We are delighted to announce that Mari Petroleum Company Limited (MARI) has made an oil discovery through its exploration activities at the Shawal-l well, located in Mari Development and Production Lease (D&PL) in Sindh,” the notice stated.
According to the company, the Shawal-l well was spudded on January 27, 2024, and successfully drilled to a total depth of 1,136 meters into the Ghazij Formation.
“During testing, the well produced 1,040 barrels of crude oil of approximately 30 degrees API oil with 12% Basic Sediment & Water (BS&W) along with 2.5 million standard cubic feet per day (MMSCFD) of associated gas at a wellhead flowing pressure (WHFP) of 953 pounds per square inch (Psi) at 32/64 inch choke size.
Last week, MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL.
As the operator of the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, MARI stands as the second-largest producer of natural gas in Pakistan.
MARI is an integrated oil and gas exploration and production company with an exploration success rate of around 70%, significantly higher than industry averages of approximately 33% nationally and 14% internationally.
The company’s primary customers include fertilizer manufacturers, power generation companies, gas distribution companies, and refineries.
