MPCL has put on production recently drilled development well ZS-3 in Zarghun South Gas Field (Bolan Block), Balochistan. ZS-3 is the first ever highly slant well drilled by the Company using its own Rig and expertise. The well was spud-in on September 20, 2016 (10 days earlier than planned) and reached TD of 1820 m (MD) / 1649 m (TVD) on November 20, 2016. MPCL’s own Rig Mari-1 was deployed for the drilling. After completion, the well flowed 4.772 MMSCFD gas with 1,013 psi WHFP at 28/64” fixed choke, before acid job. Post-acid, the gas flow improved to 8.691 MMSCFD with 1,785...
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For the 4th consecutive year, MPCL has won 1st Prize for the Best Management Practices in Oil & Gas Sector. The Award was conferred at 35th Corporate Excellence Awards Ceremony arranged by the Management Association of Pakistan (MAP) on Monday, March 09, 2020 at Marriott Hotel, Karachi. Mr. Asad Umar, Federal Minister for Planning, Development & Special Initiatives was the Chief Guest of the Ceremony, which was attended by a large number of dignitaries from the corporate world. The Corporate Excellence Awards were instituted by MAP in 1982 with the aim to recognize and honour companies for demonstrating progressive and enlightened...
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The Company successfully completed seismic data acquisition project in Bannu West Block on March 17, 2020. Bannu West Block, straddling Bannu, Laki Marwat, Kurram Agency, Hangu, and North Waziristan, was lying dormant since 2005 due to precarious security situation. Acting in the national interest and relying on its capabilities to operate in security sensitive areas, Mari Petroleum acquired additional working interest and Operatorship of the block in 2017 and started on-ground exploration activities in this highly prospective block. MPCL operations have already made a positive economic impact by generating business and job opportunities for the locals in this far-flung and least...
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MPCL has won two prestigious awards i.e. 1st Prize for Best Employment Practices and CEO of the Year Award in the category of Large National Companies, at 7th Employer of the Year Awards Ceremony. The Award Ceremony was organised by the Employers’ Federation of Pakistan on October 25, 2019, in Karachi. Mr. Saeed Ghani, Provincial Minister for Labour was the Chief Guest at the occasion. This is the third year in a row that MPCL has won 1st Prize for Best Employment Practices. In addition, for second consecutive year, the Company has won CEO of the Year Award. The Awards recognise MPCL’s excellence in corporate, general management, HRM & employment practices, labour laws...
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MPCL Annual Report 2018 has been awarded 1st Position in Fuel & Energy category. The Award was conferred by the Joint Committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) at the Best Corporate and Sustainability Report Awards held at Karachi on August 20, 2019. The annual report entries from Pakistani listed companies were evaluated against a stringent criteria laid down by the Joint Committee of ICAP and ICMAP to determine the best reports. The Criteria for Best Corporate Report Awards 2018 were changed at the very last moment and a number of new requirements were added....
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MPCL has won two prestigious awards, “Prime Minister’s Award for Corporate Excellence” and “Fastest Growing Company of the Year Award” at 32nd Rawalpindi Chamber of Commerce and Industry (RCCI) International Achievement Awards 2019. The awards were conferred by his Excellency Dr. Mahathir bin Mohamad, Prime Minister of Malaysia, at an impressive ceremony held on July 09, 2019, in Kuala Lumpur, Malaysia. MPCL was the only Company to have received “Prime Minister’s Award for Corporate Excellence” which was the highest category award. In addition, MPCL also won “Fastest Growing Company of the Year Award” for the third consecutive year. The awards ceremony was organized by the RCCI to recognize the performance of...
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Mari Petroleum Company Limited (MPCL) has made a hydrocarbon discovery at exploratory well Dharian-l ST-3, near Gujar Khan in Rawalpindi District of the Punjab Province. It is 2nd consecutive discovery in Ghauri Block. The well was spud-in on December 21, 2017 and successfully drilled down to the depth of 4,770 m with the objective to test the hydrocarbon potential of Sakessar and Khewra formations as primary targets. The Drill Stem Tests carried out in Khewra Formation flowed @ 372 Barrels Per Day of Oil with 304 Barrels of Water per Day on 64/64″ choke size having API gravity of 29° and...
Read MoreFor the first time in MPCL’s history, the Company has been included in the Top 25 Companies on Pakistan Stock Exchange for the Year 2017. The Top Companies Award was first introduced by the Exchange in 1978 with the aim to sift the best from the rest. The criteria for the year 2017 included; Capital Efficiency Profitability Free-Float of Shares Transparency Corporate Governance & Investors Relation, and Compliance with Listing and Securities Regulations. On the basis of the scores obtained in each segment, MPCL has been placed at No. 16 among companies currently listed on PSX. The Award is recognition of the Company’s outstanding financial...
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