PPL and POGC Discover Natural Gas at Rafat-1 Well in Sindh’s Kirthar Block
Pakistan Petroleum Limited (PPL), in collaboration with its joint venture partner, the Polish Oil and Gas Company (POGC), has successfully discovered natural gas at the Rafat-1 exploratory well in the Kirthar Block, located in District Dadu, Sindh. This discovery is part of the ongoing efforts to explore and enhance Pakistan’s energy reserves, addressing the nation’s energy needs.
Key Details of the Discovery:
– Joint Venture Details: POGC, as the operator, holds a 70% working interest, while PPL owns a 30% stake in the venture.
– Well Drilling and Depth: Drilling of the Rafat-1 well commenced on September 20, 2024, with the primary target being the Pab Formation for its hydrocarbon potential. After months of meticulous drilling, the well reached a total depth of 2,514 meters on December 18, 2024.
– Drill Stem Testing (DST): Based on favorable wireline log results and drilling data, the team conducted a drill stem test (DST), which confirmed the presence of gas at the surface. Due to the highly compact nature of the reservoir, hydraulic fracturing was performed to enhance production capacity.
– Fracturing and Perforation: Following the hydraulic fracturing and additional wireline perforations, the well was successfully completed and underwent a completion integrity test (CIT). These measures further improved the gas flow from the reservoir.
Gas Production and Testing:
– The well is producing natural gas at an initial rate of 1.10 million standard cubic feet per day (MMScfd), achieved using a 48/64” choke. The wellhead pressure during production is approximately 110 psi.
– Rigless Testing: After the completion and fracturing, rigless testing was carried out to confirm the well’s production capabilities, solidifying the outcome as a promising gas-producing site.
Significance of the Discovery:
Although considered a relatively small discovery, the Rafat-1 well represents a critical milestone in the continuous exploration efforts by the joint venture. PPL emphasized that this find highlights the ongoing commitment to exploration activities and reinforces the importance of local efforts to enhance Pakistan’s energy security.
This discovery will contribute to addressing the country’s growing energy demand, a vital step toward reducing reliance on external sources.
Regulatory Compliance:
The disclosure of this discovery was made in compliance with the Securities Act, 2015, and Pakistan Stock Exchange (PSX) regulations, ensuring transparency and investor awareness as per Section 96 of the Act and Clause 5.6.1 of the PSX rules.
PPL and POGC remain dedicated to their joint exploration efforts, with the aim of increasing natural gas production, which is crucial for Pakistan’s energy infrastructure.
Key Details of the Discovery:
– **Joint Venture Details**: POGC, as the operator, holds a 70% working interest, while PPL owns a 30% stake in the venture.
– **Well Drilling and Depth**: Drilling of the Rafat-1 well commenced on **September 20, 2024**, with the primary target being the Pab Formation for its hydrocarbon potential. After months of meticulous drilling, the well reached a total depth of **2,514 meters** on **December 18, 2024**.
– **Drill Stem Testing (DST)**: Based on favorable wireline log results and drilling data, the team conducted a drill stem test (DST), which confirmed the presence of gas at the surface. Due to the highly compact nature of the reservoir, **hydraulic fracturing** was performed to enhance production capacity.
– **Fracturing and Perforation**: Following the hydraulic fracturing and additional wireline perforations, the well was successfully completed and underwent a **completion integrity test (CIT)**. These measures further improved the gas flow from the reservoir.
Gas Production and Testing:
– The well is producing natural gas at an initial rate of 1.10 million standard cubic feet per day (MMScfd), achieved using a 48/64” choke. The wellhead pressure during production is approximately 110 psi.
– Rigless Testing: After the completion and fracturing, rigless testing was carried out to confirm the well’s production capabilities, solidifying the outcome as a promising gas-producing site.
Significance of the Discovery:
Although considered a relatively small discovery, the Rafat-1 well represents a critical milestone in the continuous exploration efforts by the joint venture. PPL emphasized that this find highlights the ongoing commitment to exploration activities and reinforces the importance of local efforts to enhance Pakistan’s energy security.
This discovery will contribute to addressing the country’s growing energy demand, a vital step toward reducing reliance on external sources.
Regulatory Compliance:
The disclosure of this discovery was made in compliance with the Securities Act, 2015, and Pakistan Stock Exchange (PSX) regulations, ensuring transparency and investor awareness as per Section 96 of the Act and Clause 5.6.1 of the PSX rules.
PPL and POGC remain dedicated to their joint exploration efforts, with the aim of increasing natural gas production, which is crucial for Pakistan’s energy infrastructure.
