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Corporate Briefing Session – October 14, 2022
- October 15, 2022
- Posted by: admin
- Category: News
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MPCL Annual Report 2021 has won 1st Position jointly with PSO in Fuel & Energy Category
- September 28, 2022
- Posted by: admin
- Category: News
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Corporate briefing Session – June 24, 2022
- June 28, 2022
- Posted by: admin
- Category: News
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Hydrocarbon Discovery at Exploratory Well Bannu West-1 in Bannu West Block, KP
- June 1, 2022
- Posted by: admin
- Categories: News, Significant Achievements
On June 01, 2022; Mari Petroleum Company Limited (MPCL) an associated company of Fauji Foundation announced a gas/condensate discovery resulting from its exploratory efforts at Bannu West-1 well, located in North Waziristan district, KP Province. The discovery is one of the largest gas/condensate discoveries in recent past in the country and first ever in North Waziristan. It is of significant importance for Pakistan which will go a long way in meeting the country’s energy demands from indigenous resources resulting in saving of valuable foreign exchange.
The well was drilled down to 4915m and tested gas at a rate of around 50 MMSCFD and 300 Barrels per Day of condensate with well head flowing pressure (WHFP) of 5513 Psi at 40/64 inch choke size after acid job in Lockhart Formation. Another Drill Stem Test in Hangu Formation also tested gas at a rate of 1.6 MMSCFD with WHFP of 297 Psi at 32/64 inch choke size.
MPCL together with its joint venture partners Oil & Gas Development Company Limited (OGDCL) and Zaver Petroleum Corporation (Pvt) Limited (ZPCL), is now undertaking a fast track appraisal and development program to bring the discovery on early production in order to fully exploit the hydrocarbon resources. MPCL is also working closely with Sui Northern Gas Pipelines Limited (SNGPL) who is laying gas transmission pipeline for providing connectivity with the national grid. The Company is also carrying out exploration activities aggressively to explore and evaluate the additional hydrocarbon potential in the area.
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MPCL Wins 1st Prize for Best Management Practices at 36th Corporate Excellence Awards
- October 29, 2021
- Posted by: admin
- Categories: News, Significant Achievements
MPCL has won the Corporate Excellence Award in the oil and gas sector for the fifth consecutive year. The award was received during the Management Association of Pakistan (MAP) event, at the 36th Corporate Excellence Awards Ceremony, in Karachi. MAP established the Corporate Excellence Award in 1982 to recognize and honor firms that have demonstrated remarkable performance by undertaking advanced and outstanding management practices. MPCL qualified first for the award in 2016-17 (based on dividend pay-out) and since then has been a winner in the Oil & Gas Sector every year.
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Award of Offshore Block 5 in Abu Dhabi to a Pakistani Consortium
- August 31, 2021
- Posted by: admin
- Categories: News, Significant Achievements
Mari Petroleum, with a consortium of Pakistani companies, Oil and Gas Development Company Limited (OGDCL) and Government Holdings (Private) Limited (GHPL), led by Pakistan Petroleum Limited (PPL), has made a footprint on the energy landscape in the Middle East. With a consortium of Pakistani companies, MPCL has been awarded Offshore Block 5 in the 2019 competitive exploration block bid round by ADNOC in Abu Dhabi. Offshore Block 5 covers an area of 6,223 square kilometers, located 100 kilometers northeast of Abu Dhabi city.
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The MPCL Annual Report 2020 takes first place in the Best Corporate and Sustainability Report Awards
- August 27, 2021
- Posted by: admin
- Categories: News, Significant Achievements
MPCL Annual Report 2020 secured 1st position at the Best Corporate and Sustainability Report Awards, in the Fuel and Energy category, organized by the Joint Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). MPCL has been receiving this award for three consecutive years. This award is a recognition of MPCL’s commitment to best corporate governance practices through the publication of timely, transparent, and detailed annual reports.
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MPCL Deposits over Rs 3 billion for Community Development Projects in District, Ghotki, Sindh
- August 25, 2021
- Posted by: admin
- Categories: News, Significant Achievements
Mari Petroleum Company Limited (MPCL) has contributed funds to community development projects and deposited over Rs 3 billion (US$18.9 million) with the District Administration of Ghotki on account of Production Bonus and Social Welfare obligations under the Pakistan Petroleum Exploration and Production Policy 2012. Funds will be utilized to execute key development projects in the Mari lease area in and around district Ghotki. These obligations are over and above the substantial voluntary contribution by the company to numerous social welfare projects every year under CSR initiatives.
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Mari Petroleum Organizes Light and Sound Show
- August 9, 2021
- Posted by: admin
- Category: News
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MPCL celebrates world nature conservation day
- July 28, 2021
- Posted by: admin
- Category: News