PPP makes another oil recovery


STAFF REPORT KHR: Pakistan Petroleum Limited (PPL), the operator of Gambat South Block with a 65 per cent working interest, has announced another gas and condensate discovery at exploration well Faiz X-1 Sanghar district, Sindh.

This is the sixth discovery in the block, where PPL is working with joint-venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 per cent and 10 per cent working interest, respectively.

Exploration well Faiz X-1 was drilled on October 17 and reached its final depth of 3,564 metres on December 1.

Earlier this month, PPL also announced its fifth find in the block after Wafiq, Shahdad, Sharf and Kinza gas and condensate discoveries.

In August, the company discovered 42 million cubic feet of gas per day (mmcfd) in Gambat South, its third and biggest discovery in the block. The company is expecting production to go up to 60 mmcfd. It made the first two discoveries in Gambat last year. PPL has been aggressively searching for new hydrocarbon reserves since last year to make up for the decrease in production from its established fields.

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