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Mari Energies Made Another Big Gas Discovery in Waziristan

admin-augaf by admin-augaf
April 3, 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 April 3 2025: Mari Energies Limited, the largest gas producing company of Pakistan, has made discovery of gas and condensate at exploration well Spinwam-1 in the Waziristan Block, KP from the Kawagarh Formation.

We are pleased to announce that a 3rd gas and condensate discovery has been made in the Hangu Formation at the Spinwam-1 well. The well has flowed 23.85 MMSCFD of gas and approximately 122 bbl/day of condensate at a 32/64″ choke with a Well Head Flowing Pressure (WHFP) of 4,042 psig.

Further testing of additional targeted formations is underway to fully evaluate the well’s potential.

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

Tags: MARI
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