Eni makes new gas discovery in Pakistan
Posted on June 24, 2008 – 10:16 am | by vchris
The well was successfully tested and flowed at 25 million standard cubic feet of gas per day with 60 barrels of condensate per day
San Donato Milanese (Milan), 23 June 2008 – Eni has made a new on-shore gas discovery in Pakistan with the Saqib 1A well, located in the Mubarak exploration block, in the South Eastern province of Sindh.
Eni holds a 38% stake in the Mubarak block. The other partners are Petronas Carigali Pakistan Ltd. (PCPL, operator with a 57% stake) and Government Holding Private Limited (GHPL, with a 5% stake).
The well was successfully tested and flowed at 25 million standard cubic feet of gas per day with 60 barrels of condensate per day. Eni and its partners are now evaluating the potential of the discovery in order to identify the most suitable development plan.
Eni has been present in Pakistan since 2000. It currently holds interests in 14 exploration licenses and, among them, operates 4 onshore and 3 offshore blocks. The company also holds 7 production licenses and operates the gas fields of Bhit (Eni equity 40%), Badhra (Eni equity 40%) and Kadanwari (Eni equity 18.42%).
Company contacts:
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Free number for shareholders : 800940924
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