Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form
PPL strikes major gas reserves – SUCH TV

PPL strikes major gas reserves – SUCH TV

Posted on January 2, 2026 By Admin No Comments on PPL strikes major gas reserves – SUCH TV



Pakistan Petroleum Limited (PPL) on Friday confirmed a significant gas discovery at the Bilitang-1 exploratory well in Kohat district of Khyber Pakhtunkhwa.

The E&P firm disclosed this development through a notice to the Pakistan Stock Exchange (PSX) in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the PSX regulations.

This discovery is the result of a joint venture involving PPL, MOL Pakistan Oil and Gas Co. B.V., Oil & Gas Development Company Limited (OGDCL), Pakistan Oilfields Limited (POL), and Government Holdings Private Limited (GHPL), with PPL holding a 30% working interest in the project.

The exploratory well was drilled on August 10, 2025, reaching a target depth of 4,011 meters.

Based on the interpretation of wireline logs data, gas was successfully tested from the Hangu/Lumshiwal formations at a rate of 1.58 million standard cubic feet per day (MMSCFD) at a choke size of 40/64″ and a wellhead flowing pressure of 164 psi.

This discovery has significantly reduced the risks associated with further exploration in the TAL Block, offering new opportunities for future gas production.

The gas find is expected to contribute to improving Pakistan’s energy security by harnessing indigenous resources and bolstering the country’s hydrocarbon reserves.

PPL and its joint venture partners anticipate that this discovery will have long-term benefits, enhancing the energy sector and contributing to Pakistan’s economic stability.



Source link

Business Tags:gas, Khyber Pakhtunkhwa, Kohat, Pakistan Petroleum Limited

Post navigation

Previous Post: Noah Wyle talks authenticity of medical drama
Next Post: US Open: Novak Djokovic cruises to final after comfortable win against American Ben Shelton | CNN

More Related Articles

RBI Authorises Bandhan Bank For Disbursing Civil Pension – News18 RBI Authorises Bandhan Bank For Disbursing Civil Pension – News18 Business
Price cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items Price cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items Business
PKR continues to gain ground against dollar in open market – SUCH TV PKR continues to gain ground against dollar in open market – SUCH TV Business
Govt Launches BHASKAR One Stop Digital Platform To Connect Startup Ecosystem Govt Launches BHASKAR One Stop Digital Platform To Connect Startup Ecosystem Business
Could South America benefit from Trump’s trade tariffs? Could South America benefit from Trump’s trade tariffs? Business
‘Alarming’ drop in UK consumer confidence over last year – Which? ‘Alarming’ drop in UK consumer confidence over last year – Which? Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • One-China policy: Islamabad reaffirms support for Beijing on Taiwan issue – SUCH TV
  • US Open: Novak Djokovic cruises to final after comfortable win against American Ben Shelton | CNN
  • PPL strikes major gas reserves – SUCH TV
  • Noah Wyle talks authenticity of medical drama
  • India’s April-November Fiscal Deficit At Rs 9.8 Lakh Crore, Touches 62.3% Of FY26 Target

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme