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Notice of Extraordinary General Meeting – June 23, 2023

Notice of Extraordinary General Meeting – June 23, 2023

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 formations. The Lockhart formation was tested at a gas flow rate (post-acid) of 51 MMSCFD and 391 barrels of condensate per day at WHFP of 5,972 Psi at 38/64-inch choke size. The Hangu formation was also tested at a gas flow rate of 0.274 MMSCFD at WHFP of 77 Psi at 32/64-inch choke size.

Mr. Faheem Haider, Managing Director/CEO of MPCL has commended the hard work and ingenuity of the Company’s geoscientists and support teams who worked relentlessly on this project in a challenging, security-sensitive area and produced this fantastic result for the company and the country.

Mr. Waqar Ahmed Malik (SI), Chairman MPCL Board of Directors has congratulated the management on this remarkable success and appreciated the MPCL’s contributions towards the energy security of the Country through its exploratory efforts.

MPCL is the operator of Waziristan Block with 55% working interest along with OGDCL and OPI as joint venture partners having 35% and 10% working interest, respectively.