The Mari Gas Field’s reserve life is likely to be further expand.

As per the notice on PSX, Fauji Fertilizer Company Limited (FFC), Engro Fertilizers Limited (EFERT), and Fatima Fertilizer Company Limited (FATIMA) have agreed with Mari Petroleum Company Limited (MARI) for a project the purpose of which is to ensure maintenance of gas production at required delivery pressure to fertilizer manufacturers from Habib Rahi Limestone (HRL) Reservoir.

The project pertains to the development of pipeline infrastructure and the installation of compressors within the Mari Gas field.

As per our understanding, it is expected to complete within two years with an estimated CAPEX size of PKR 10bn – PKR 12bn. With the completion of this project, the Mari Gas Field’s reserve life will further expand.

Courtesy – AHL Research

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