Thursday 26 June 2008

Petronas makes second gas find on Mubarak Block

KARACHI, June 25 -- Petronas Pakistan Ltd. of Malaysia has made a second natural gas discovery on the Mubarak Block in the Ghotki district of southeastern Sindh province in Pakistan. The discovery was made by the Saqib-1A well, which was drilled to the planned depth of 3,780 m.

The well was successfully tested and flowed 13.4-25.2 million scfd of gas and 47.5-63.9 b/d of condensate. The discovery is being evaluated to draw up a development plan.

Petronas Pakistan, which holds a 57% stake in the block is operator on behalf of itself, Eni Pakistan Ltd. 38%, and Pakistan's Government Holdings (Pvt.) Ltd., 5%

Previous exploration activities resulted in a discovery from the Rehmat-1 well in 2001 that was developed and brought on stream in 2005. Subsequently, the partners elected to drill Saqib-1A after extensive evaluation of the block.

Production is expected to start by 2009.

Source : Oil & Gas Journal