PPL Commissions Second Exploratory Well in Sujawal District, Sindh

As part of the exploration and development activities in the Shah Bandar JV Block (Block 2467-16), the second exploratory well Jhim East X-1 located in District Sujawal, Sindh Province, has been successfully commissioned, Pakistan Petroleum Limited (PSX: PPL) informed the main bourse on Friday. Jhim East X-1 well is producing approximately 10 million standard cubic feet per day (MMSCFD) gas & more than 150 barrels per day (BPD) condensate with a Wellhead Flowing Pressure (WHFP) of approximately 2,800 pounds per square inch (Psi) at 40/64-inch choke size. Jhim East X-1 gas is being processed at MPCL’s Sujawal Gas Processing Facility for onward supply to SSGC. The commissioning has added much-needed gas supplies to the national gas distribution network and will enable the energy sector to reduce the gap between supply and demand during the current energy crisis and will save significant foreign exchange for the country by way of import substitution. Shah Bandar JV is a joint venture between Pakistan Petroleum Limited (WI 63 percent) as the operator, Mari Petroleum Company Limited (WI 32 percent), Sindh Energy Holding Company Limited (WI 2.50 percent), and Government Holdings Private Limited (WI 2.50 percent).