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MARI Energies Started Gas Production From Largest Find in Waziristan

admin-augaf by admin-augaf
March 25, 2025
in Business, Finance
Reading Time: 1 min read
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MARI Skips Dividend Against Expectation With Significant Drop in Profits
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Islamabad March 25 2025: MARI Energies, formerly Mari Petroleum Company Limited, commence production from Shewa discovery located in Waziristan, according to company filing to the exchange.

Company announce that gas and condensate production has commenced from Shewa discovery located in Waziristan Block in KP Province under the Extended Well Testing (EWT) phase, after completion of the gas transmission pipeline by SNGPL. The current average production rates are 26 MMSCFD gas and 244 BBLs/D condensate. Production is being gradually ramped up to its full potential after achieving stabilization of gas processing plant operating parameters and export systems.

MariEnergies is the Operator of Waziristan Block having 55% working interest along with Oil and Gas Development Company Limited and Orient Petroleum Inc. as joint venture partners having 35% and 10% working interests, respectively.

This major milestone represents a significant achievement for enhancing the energy security of the country and positively contributing towards the socio-economic development of this region.

Tags: MARI
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