PPL announced discovery of a second formation in Pateji X-1

  • Pakistan Petroleum Limited (PPL), operator of the Shah Bandar Block in District Sujawal, Sindh, has announced a second formation discovery at the Pateji X-1 well. The discovery is expected to yield flows of 12.4mmcfd/198bpd, bringing the cumulative flows from the well to 24mmcfd/400 of gas and oil, respectively.
  • PPL and MARI hold 63% and 32% post-commerciality stakes, respectively, with an estimated annualized EPS contribution of PkR0.70 for PPL and PkR0.81 for MARI.
  • Courtesy – AKD Research

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