OIL & GAS
Mari Energies Limited has made a gas/condensate discovery at the Spinwam-1, exploration well, drilled in the Waziristan Block, located in North Waziristan District of Khyber Pakhtunkhwa Province, the company informed the Pakistan Stock Exchange Limited today.
‘Mari Energies is the Operator of the Waziristan Block, holding 55% working interest, with Oil and Gas Development Company Limited and Orient Petroleum Inc. as joint venture partners, holding 35% and 10% working interests, respectively. ‘
Spinwam-1 is the second exploratory well in Waziristan Block, which was spud-in on May 28, 2024 and drilled down to a total depth of 4,400m. Well testing is currently in progress. Initial pre-acid testing of the Samanasuk Formation has shown a flow of 12.96 MMSCFD of gas and approx. 20 bbl/day of condensate at 32/64” choke and a Wellhead Flowing Pressure of 2,127 psig. The company said further testing is underway, including post-acid job and assessments in the existing formation and additional targeted formations, to evaluate the well’s potential fully. This discovery has opened a new play within the Block.
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