By the grace of Almighty Allah, Mari Petroleum Company Limited (MPCL) is pleased to announce an Oil discovery resulting from its exploratory efforts at Shawal-1 Well, drilled in Mari Development & Production Lease (Mari D&PL), located in Sindh Province. MPCL is the Operator of Mari D&PL with 100% working interest. Shawal-1 well was spud-in on January 27, 2024 and successfully drilled down to the total depth of 1,136 meters into the Ghazij Formation. The Well produced 1,040 Barrels of ~ 30 deg API oil with 12% BS&W along with 2.5 MMSCFD of associated gas during Well Test with WHFP of 953...
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If you want to download the ITB document and the draft Gas sale agreement to be executed with the successful bidder, please fill below form (all fields are mandatory). On successful submission of form you will be able to download the ITB document and Gas Sale Agreement. ...
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MPCL has achieved remarkable success at the Shewa-2 appraisal-cum-exploratory well, located in the North Waziristan district, Khyber Pakhtunkhwa Province. The well was drilled to test the hydrocarbon potential of the well’s exploratory targets i.e. Samanasuk and Kawagarh formations as well as appraise the Lockhart and Hangu formations, which were previously discovered at exploratory well Shewa-1. During the Drill Stem Test carried out in the Kawagarh formation (exploratory target), gas flowed at a sustainable rate of 0.607 MMSCFD at WHFP of 97 Psi at 32/64-inch choke size. Further, the appraisal of the Lockhart and Hangu formations confirmed the extension of hydrocarbon play in these...
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Mari Petroleum Company Limited (MPCL) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Kuwait Foreign Petroleum Exploration Company (KUFPEC) K.S.C.C to collaborate, jointly evaluate, and participate in bidding for selected blocks both in and outside Pakistan in addition to evaluation of potential farm-in opportunities. The MoU also covers to explore synergies to conduct joint studies for identified countries / regions and form a technical hub of specialist to provide expert opinions and suggest solutions for exploration, subsurface and drilling operations. The parties have also agreed to strengthen strategic relationships, technical capabilities and knowledge transfer...
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MPCL has achieved remarkable success at the Shewa-2 appraisal-cum-exploratory well, located in the North Waziristan district, Khyber Pakhtunkhwa Province. The well was drilled to test the hydrocarbon potential of the well’s exploratory targets i.e. Samanasuk and Kawagarh formations as well as appraise the Lockhart and Hangu formations, which were previously discovered at exploratory well Shewa-1. During the Drill Stem Test carried out in the Kawagarh formation (exploratory target), gas flowed at a sustainable rate of 0.607 MMSCFD at WHFP of 97 Psi at 32/64-inch choke size. Further, the appraisal of the Lockhart and Hangu formations confirmed the extension of hydrocarbon play in these...
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Mari Petroleum Company Limited (MPCL) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Kuwait Foreign Petroleum Exploration Company (KUFPEC) K.S.C.C to collaborate, jointly evaluate, and participate in bidding for selected blocks both in and outside Pakistan in addition to evaluation of potential farm-in opportunities. The MoU also covers to explore synergies to conduct joint studies for identified countries / regions and form a technical hub of specialist to provide expert opinions and suggest solutions for exploration, subsurface and drilling operations. The parties have also agreed to strengthen strategic relationships, technical capabilities and knowledge transfer...
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Mari Petroleum T20 Cricket Tournament culminates with a thrilling final match, played at Islamabad Club Cricket Ground, in which POL cricket team defeated the MPCL team and won the trophy. The event was organized and sponsored by MPCL. The tournament was a grand spectacle, with eight outstanding cricket teams, from oil and gas sector of Pakistan, participating in 15 thrilling pool matches. Mr. Muhammad Ali, Minister of Energy, was the Chief Guest at the closing ceremony. In his speech, he congratulated the victorious team and mentioned that sports is important in helping youth to foster comradeship and adopt healthy lifestyle. He...
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Maintaining the upward performance trajectory of the previous years, Mari Petroleum Company Limited (MPCL) has announced excellent financial and operational results for FY 2022-23. Year on year, the Company’s net sales and net profit recorded impressive growth of 53% and 70% and stood at the historically highest levels of Rs. 145.7 billion and Rs. 56.1 billion respectively. The net profit would have been Rs. 64.7 billion without the provision of 10% super tax. Growth in net profit was reflected in EPS, which also reached the historically highest level of Rs. 420.75 per share from Rs. 247.8 per share of the previous...
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