Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan Petroleum Ltd.    PPL   PK0081801018

PAKISTAN PETROLEUM LTD.

(PPL)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Pakistan Petroleum Limited : Discovers Gas At Its Exploration Well In Sujawal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 06:11am EDT

Pakistan Petroleum Limited (PPL) has made a gas discovery at its exploration well Benari X-1 (ST-2) located in Sujawal, Sindh.

The discovery will add additional hydrocarbon reserves and also enable the energy sector to reduce the gap between supply and demand of oil and gas during the current energy crisis in the country, said a press release issued here on Thursday.

The operator of the Block 2467-16 (Shah Bandar) EL with 63% working interest (WI) along with its joint venture partners Mari Petroleum Company Limited (MPCL) with 32% WI, while Sindh Energy Holding Company Limited (SEHCL) and Government Holdings Private Limited (GHPL) with 2.

5% WI each made the discovery.

Exploration well Benari X-1 (ST-2) was spudded-in on May 22 and drilled to a depth of 3,470m to test the hydrocarbon potential of Lower Goru Formation. Based on wire line logs, potential hydrocarbon bearing zones were identified inside target reservoir. Drill Stem Testing in A-Sand Unit of Upper Sand, Lower Goru Formation flowed 9.05 million cubic feet per day of gas at Flowing Well Head Pressure of 855 psi on 48/64" choke.

(c) 2018 The Times of Israel. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PAKISTAN PETROLEUM LTD.
05/23PAKISTAN PETROLEUM : Stops Offshore Drilling as No Oil and Gas Reserves Found
AQ
05/21OIL, GAS RESERVES NOT FOUND OFF KARA : Nadeem
AQ
05/21PAKISTAN PETROLEUM : PGNiG drills production well in Pakistans Rehman field
AQ
05/20OIL, GAS RESERVES NOT FOUND OFF KARA : PM's aide Nadeem Babar
AQ
05/19PAKISTAN PETROLEUM : What 'good quality reservoir' Pakistan found in oil, gas dr..
AQ
05/19EXXON MOBIL : Bad news for PM Imran Khan, no oil and gas reserves found off Paki..
AQ
05/19Exploration at Kekra-1 well off Pakistan ends - OGDC spokesman
RE
05/19PAKISTAN PETROLEUM : Hope of finding oil and gas in Arabian Sea in Pakistan dash..
AQ
05/18PAKISTAN PETROLEUM : No oil, gas reserves found in Pakistani waters
AQ
05/18IND : JS Securities Limited - Weekly Review
AQ
More news
Financials (PKR)
Sales 2019 154 B
EBIT 2019 68 369 M
Net income 2019 56 297 M
Debt 2019 -
Yield 2019 5,97%
P/E ratio 2019 6,63
P/E ratio 2020 6,56
Capi. / Sales 2019 2,48x
Capi. / Sales 2020 2,32x
Capitalization 383 B
Chart PAKISTAN PETROLEUM LTD.
Duration : Period :
Pakistan Petroleum Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 208  PKR
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Moin Raza Khan Chief Executive Officer & Managing Director
Salman Akhtar Chairman
Syed Ehtesham Ahmad Chief Financial Officer
Mohammad Ahmed Kauser General Manager-Information Technology
Muhammad Sajid Farooqi Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PAKISTAN PETROLEUM LTD.8.92%2 527
CNOOC LTD7.89%75 739
CONOCOPHILLIPS-4.57%71 258
EOG RESOURCES INC.1.88%53 918
OCCIDENTAL PETROLEUM CORPORATION-14.01%39 473
ANADARKO PETROLEUM64.94%36 308