ISLAMABAD: Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, announced the commencement of hydrocarbon production from a new development well, Adhi South-8, located in the Pothwar region of Punjab.
In a notice to the Pakistan Stock Exchange (PSX) on Thursday, PPL, a key supplier of natural gas in the country, shared this development.
“We are pleased to disclose that as part of our continuous efforts towards increasing oil and gas production, production has commenced from Adhi South-8, a new development well drilled in the Adhi Mining Lease,” the company stated.
PPL operates the Adhi Mining Lease with a 39% working interest, in partnership with Oil & Gas Development Company Ltd (OGDCL) holding a 50% interest, and Pakistan Oilfield Ltd (POL) holding an 11% interest.
According to the notice filed at the PSX, Adhi South-8 was successfully drilled to a depth of 3,460 meters and completed as a producer based on encouraging log results.
“Following the well’s tie-in with the plant, production has commenced at a rate of 550 barrels per day (bpd) of oil and 0.8 million standard cubic feet per day (MMscfd) of gas at a 36/64 inch choke,” PPL said.
“This additional indigenous hydrocarbon production will help reduce the energy demand and supply gap and save significant foreign exchange for the country,” it added.
Exploration at Adhi, located about 70 km south of Islamabad in the Pothwar region, began in 1956 and continued for a decade, during which four wells were drilled.
Adhi’s major clients include SNGPL for gas, Attock Refinery Limited for LNG/crude oil, and various LPG marketing companies.
Earlier this month, PPL announced a gas discovery from the exploratory well Tor-1 in the Latif Block, located in Khairpur District, Sindh.
Last year, PPL commenced hydrocarbon production from the Adhi South-6 well.
