02/06/2022
Mari Petroleum Company Limited (MPCL) has discovered a big gas reservoir of one trillion cubic feet in North Waziristan which will be helpful in saving the country’s foreign remittance of approximately $1.5 billion per annum.
According to sources, this is a big discovery of MPCL and with this discovery the country’s foreign remittance of approximately $1.5 billion per annum will be saved.
“This is good news, after a long time, for an energy starved country as it is estimated that this reservoir will produce approximately 15 percent of the total gas production of the country,” said a source privy to the development.
He added that the price of this indigenous gas will be around $4 per Million British Thermal Unit (MMBTU) while the country is already bearing the brunt of $25 per MMBTU Liquefied Natural Gas (LNG).
According to the MPCL, production of 25 million cubic feet of gas has been started from ST-1 exploration well drilled in Bannu west block, located in North Waziristan, Khyber Pakhtunkhwa. And, more gas supply from other wells will be 200 million cubic feet per day (MMCFD). Similarly, crude oil production from Bannu west block has also started.
As per MPCL, the said well was spud-in on June 06, 2021 and successfully drilled down to the depth of 4,915 metres. The Drill Stem Tests carried out in Lockhart Limestone formation flowed gas at a rate of around 25 Million Standard Cubic Feet Per Day (MMSCFD) with wellhead flowing pressure (WHFP) of 4339 Psi and around 300 Barrels per Day condensate at 32/64-inch choke size (Pre-acid job
