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

Volkswagen cars taken away with little warning, says watchdog Volkswagen cars taken away with little warning, says watchdog Business
Government grant to reopen CO2 plant amid fears of Iran-linked shortages Government grant to reopen CO2 plant amid fears of Iran-linked shortages Business
World Bank slams Pakistan's tax system highly ‘unfair and absurd’ – SUCH TV World Bank slams Pakistan's tax system highly ‘unfair and absurd’ – SUCH TV Business
Pak-China Business Conference Sees Landmark MoU Agreements – SUCH TV Pak-China Business Conference Sees Landmark MoU Agreements – SUCH TV Business
Remittances see ‘record increase’ in December with .1bn inflows – SUCH TV Remittances see ‘record increase’ in December with $3.1bn inflows – SUCH TV Business
Committees formed to address budget woes | The Express Tribune Committees formed to address budget woes | The Express Tribune Business

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • Petrol price rises by Rs12.90, HSD by Rs3.72 per litre – SUCH TV
  • Rome ramps up security around Colosseum with new ‘red zone’ targeting criminals
  • What is postpartum psychosis?
  • Rumesh cements javelin dominance | The Express Tribune
  • From the archives: Jazz artist Cassandra Wilson

Categories

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

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme