MPCL/CS/CA-02/3137
March 28, 2022
The Managing Director
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi-74000
Subject: Dear Sir,
Disclosure of Material/Price Sensitive Information
In compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 of PSX Rule Book, we are enclosing herewith a form disclosing information regarding the commencement of first gas from the Tipu compartment of "Goru B" reservoir.
You may please disseminate this information to the Members of the Exchange.
Faiz Chapra
Chief Legal Officer/Company Secretary
Copy to:
Director (Enforcement)
Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue, Blue Area, Islamabad
DISCLOSURE FORM IN TERMS OF SECTION 96 OF THE SECURITIES ACT, 2015
Name of Company: | Mari Petroleum Company Limited |
Date of Report: | March 28, 2022 |
Name of Company as specified in its Memorandum: | Mari Petroleum Company Limited |
Company's registered office: | 21-Mauve Area, 3rd Road, Sector |
G-10/4, Islamabad. | |
Contact information: | Tel: (051) 111-410-410 |
Former Name of the Company: | Mari Gas Company Limited |
Commencement of first gas from newly constructed Sachal Gas Processing Complex (formerly known as GTH Gas Processing Facilities)
Mari Petroleum Company Limited (MPCL) is pleased to announce the commencement of first gas from the Tipu compartment of "Goru B" reservoir of the Mari gas field.
Initially, approximately 20 mmscfd of pipeline quality gas will be supplied to Sui Northern Gas Pipelines Limited (SNGPL) after processing at MPCL's newly constructed Sachal Gas Processing Complex (SGPC) located in District Ghotki, Sindh.
The gas export will take place via MPCL's own newly built 25 km long cross country gas transmission pipeline.
The construction and commissioning activities of the remaining phases of the project are progressing satisfactorily aiming completion during the current year.
For and on behalf of
Mari Petroleum Company Limited
Faiz Chapra
Chief Legal Officer/Company Secretary
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Mari Petroleum Company Limited published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 04:20:09 UTC.