PPL discovers fresh oil deposits in Punjab

[Orca]

PPL discovers fresh oil deposits in Punjab

Pakistan Petroleum Limited (PPL) has announced the discovery of oil deposits in an exploratory well in Talagang, Chakwal district.

The discovery was made in the Karsal Block, Talagang X-1 are, where the well was drilled in May this year with a depth of 3,675 metres.

In a notification to the Pakistan Stock Exchange (PSX) PPL’s company secretary Shahana Ahmed Ali said, “Initial testing in Sakesar formation showed a flow of 313 barrels per day of hydrocarbons together with a minor immeasurable quantity of gas”.

Last year saw reports of Exxon Mobil discovering massive oil reserves near the Iran border.


This was later denied by the company executives as the news of Pakistan about to overtake Kuwait as one of the highest oil-producing countries in the world was spread like wildfire.

Pakistan, according to the CIA World Factbook (2016) ranks 46th on the list of 216 oil-producing countries in the world.

Pakistan Petroleum Limited is a key supplier of natural gas in the country. The company is engaged in conducting exploration, prospecting, development and production of oil and natural gas resources. The company owns 100 per cent working interest and is the operator of the Karsal block, which is a village in district Chakwal of Punjab.

PPL’s stocks are currently trading at Rs203.09 as on Friday, 7 September 2018.

Source: https://profit.pakistantoday.com.pk/2018/09/10/ppl-discovers-fresh-oil-deposits-in-punjab/

 

[Death Professor]

Last year saw reports of Exxon Mobil discovering massive oil reserves near the Iran border.


This was later denied by the company executives as the news of Pakistan about to overtake Kuwait as one of the highest oil-producing countries in the world was spread like wildfire.

I would wait for confirmed news before commenting on it further. Fake news k acharch ahi aaj kal.

https://en.dailypakistan.com.pk/pak...-in-pakistan-heres-why-this-may-be-fake-news/

 

[Arsalan]

I would wait for confirmed news before commenting on it further. Fake news k acharch ahi aaj kal.

https://en.dailypakistan.com.pk/pak...-in-pakistan-heres-why-this-may-be-fake-news/

Its just 313 barrels per day, if even this is fake, the fake news media is really out of jobs

 

[Orca]

I would wait for confirmed news before commenting on it further. Fake news k acharch ahi aaj kal.

https://en.dailypakistan.com.pk/pak...-in-pakistan-heres-why-this-may-be-fake-news/

sir g i think this time, this is a true news, here is the official statement from PPL


PPL discovers oil in Punjab

KARACHI, September 7, 2018: Pakistan Petroleum Limited, operator of Karsal Block (3372-18) with 100 percent working interest, has made an oil discovery from its exploratory well Talagang X-1, located at District Chakwal, Punjab.

Talagang X-1 was spud on May 24, 2018 and drilled down to the depth of 3675 metres measured depth inside Nammal formation. Based on good oil/gas show during core and drilling, a Bare Foot Drill Stem Test was conducted in the carbonates of Chorgali - Sakesar formation of Eocene age.

During testing, the well produced oil of around 11.5 API gravity. The maximum oil flow rate of 313 barrels per day was recorded along with minor immeasurable gas at 32/64” choke with 77 psi well head flowing pressure. The well has further potential to flow at higher rates.

Talagang X-1 is planned to be drilled deeper to test the hydrocarbon potential of secondary reservoirs in deeper formations.
https://www.ppl.com.pk/content/ppl-discovers-oil-punjab-0

Its just 313 barrels per day, if even this is fake, the fake news media is really out of jobs

official source posted sir

 

[Death Professor]

sir g i think this time, this is a true news, here is the official statement from PPL


PPL discovers oil in Punjab

KARACHI, September 7, 2018: Pakistan Petroleum Limited, operator of Karsal Block (3372-18) with 100 percent working interest, has made an oil discovery from its exploratory well Talagang X-1, located at District Chakwal, Punjab.

Talagang X-1 was spud on May 24, 2018 and drilled down to the depth of 3675 metres measured depth inside Nammal formation. Based on good oil/gas show during core and drilling, a Bare Foot Drill Stem Test was conducted in the carbonates of Chorgali - Sakesar formation of Eocene age.

During testing, the well produced oil of around 11.5 API gravity. The maximum oil flow rate of 313 barrels per day was recorded along with minor immeasurable gas at 32/64” choke with 77 psi well head flowing pressure. The well has further potential to flow at higher rates.

Talagang X-1 is planned to be drilled deeper to test the hydrocarbon potential of secondary reservoirs in deeper formations.
https://www.ppl.com.pk/content/ppl-discovers-oil-punjab-0


official source posted sir

hmmm so how big of a deposit is it? did they mention it some where? Flow rate tou machinery pe depend karta hai, beshak 100 barrel nikalo ya 500. Deposit kitna bara hai, that would be more interesting. Ye na hoo 5000 barrels k bad khali hava extract kar rahay hoon. Because Punjab se nikalna is quite surprising, agar yehi Baluchistan se nikalta tou one could imagine as Iran has alot.