Pakistan Petroleum Restricted (PPL) on Friday confirmed a major gasoline discovery on the Bilitang-1 exploratory properly in Kohat district of Khyber Pakhtunkhwa.
The E&P agency disclosed this growth by way of a discover to the Pakistan Inventory Alternate (PSX) in compliance with Part 96 of the Securities Act, 2015, and Clause 5.6.1 of the PSX rules.
This discovery is the results of a three way partnership involving PPL, MOL Pakistan Oil and Gasoline Co. B.V., Oil & Gasoline Growth Firm Restricted (OGDCL), Pakistan Oilfields Restricted (POL), and Authorities Holdings Personal Restricted (GHPL), with PPL holding a 30% working curiosity within the undertaking.
The exploratory properly was drilled on August 10, 2025, reaching a goal depth of 4,011 meters.
Primarily based on the interpretation of wireline logs knowledge, gasoline was efficiently examined from the Hangu/Lumshiwal formations at a price of 1.58 million normal cubic ft per day (MMSCFD) at a choke dimension of 40/64″ and a wellhead flowing strain of 164 psi.
This discovery has considerably decreased the dangers related to additional exploration within the TAL Block, providing new alternatives for future gasoline manufacturing.
The gasoline discover is predicted to contribute to enhancing Pakistan’s power safety by harnessing indigenous assets and bolstering the nation’s hydrocarbon reserves.
PPL and its three way partnership companions anticipate that this discovery may have long-term advantages, enhancing the power sector and contributing to Pakistan’s financial stability.
