PPL Announces Hydrocarbon Discovery at Sawan North Deep Well

PAKISTAN

Pakistan Petroleum Limited (PPL) announced on Friday that it has struck hydrocarbon reserves at its exploratory well Sawan North Deep-1 ST-1 (SND-1 ST-1) in District Khairpur, Sindh.

The company disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX).

According to the announcement, the discovery was made through the Sawan Joint Venture, which includes UEP Beta — the operator with a 25% working interest — alongside PPL (30%), PPL Europe E&P Limited (10%), Prime AEP Limited (30%) and Government Holdings (Private) Limited (5%).

The exploratory well was spud on September 16, 2024, and drilled to a measured depth of 14,017 feet. Its main target was to assess the hydrocarbon potential of the Lower Goru Formation’s A-Interval Sands.

PPL stated that wireline log interpretations and drilling data identified promising A-sand intervals, which were subsequently tested. The post-completion tests delivered gas flows of roughly 0.30 MMSCFD at a flowing wellhead pressure of around 100 psig on a 128/64-inch choke.

The company added that the SND-1 ST-1 well is the first in the Sawan area to be drilled using an exclusive sequence stratigraphic trap evaluation method.

“This pioneering approach has led to a successful hydrocarbon discovery, validating the geological model and opening new exploration opportunities in the Sawan region,” the notice said. – ER News Desk

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