Mari Petroleum Company Limited (MARI), one of Pakistan’s leading energy and exploration firms, has successfully drilled and tested the appraisal well Mari Ghazij-2 in Mari D&PL, Sindh. The company confirmed this development in a notice to the Pakistan Stock Exchange (PSX).
Mari Ghazij-2 is part of the appraisal plan for the earlier discovery at Mari Ghazij-1. Appraisal wells are drilled to assess the characteristics of a proven petroleum reserve, including flow rate. MARI, as the operator of Mari D&PL with a 100% working interest, initiated drilling on September 11, 2023, and successfully reached a depth of 1,016 meters. The post-acid gas flow rate measured 11.1 million standard cubic feet per day, with a wellhead flowing pressure of 519 pounds per square inch at a 64/64-inch choke size.
Ghazij-2 represents the first in a series of planned appraisal wells to evaluate the Ghazij-1 discovery’s extent. After completing necessary regulatory formalities, the well will undergo extended well testing to supply gas to a government-designated buyer.
In addition to its energy endeavors, Mari Petroleum has expanded its operations into mineral exploration, with an Exploration License (EL-186) granted by the Directorate General Mines & Minerals Balochistan. The company’s latest financial results have also shown impressive growth, with net sales and net profit increasing by 53% and 70% year-on-year, reaching historically high levels during the fiscal year 2022-23.
