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Oil, gas exploration in Karak: MPCL drilling by 2500HP, 1500HP rigs at depths of 5,600m of Eocene, Paleocene, Cretaceous reservoirs

byCustoms Today Report
28/03/2015
in Business
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ISLAMABAD: In search of oil and gas reservoirs, Mari Petroleum Company Limited (MPCL) embarked upon drilling of Halini Deep-1 and Kalabagh-1A wells, the firm said.

Both the wells are being drilled together by its own 2,500HP and 1,500HP rigs in search of hydrocarbons at unprecedented depths of over 5,600 metres of Eocene, Paleocene and Cretaceous reservoirs.

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The encouraging hydrocarbon potential in the area is likely to lead to sizeable oil and gas reservoirs, which will help in mitigating the day-to-day increasing demand of energy in the country.

Karak Block was granted to MPCL on April 14, 2005 over an area of 2,335 square km located in Karak, Lakki Marwat and Bannu Districts of Khyber Pakhtunkhwa and Mianwali District of Punjab. MPCL holds 60pc working interest as an operator, while MOL holds 40pc working interest in the block.

 

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