PR ISLAMABAD - Mari Petroleum Company Limited (MPCL) has made a new significant gas discovery resulting from its new exploratory efforts at Tipu-1 exploration well, drilled in Mari D&P Lease Area, located in district Ghotki, Sindh.

MPCL is the operator of Mari D&P Lease Area with 100% working interest share. The said well was spud-in on July 05, 2017 and has been successfully drilled down to the depth of 3,944 meters. The well was drilled with the objectives to test the hydrocarbon potential of Northern Compartment at Lower GoruB Sand level as well as assess the hydrocarbon potential of Sembaras a probable shale/tight gas potential.

The Drill Stem tests carried out in Lower Goru"B" Sand, flowed gas at a rate of 15.5 MMSCFD at WHFP of 2153 Psi at 40/64 inch choke size and subsequently during Completion Integrity Test; well produced 21.4 MMSCFD gas @ 40/64 inch choke size. MPCL would like to highlight that this is the 3'd consecutive new discovery following its earlier two discoveries at SMLlSUL Limestone levels which have been primarily achieved from the results of the company's extensive investment on acquisition of1,079 wide-azimuth 3D seismic data simultaneously imaging all the probable hydrocarbon bearing zones/compartments as well as the presently producing reservoirs followed-up by an equally extensive exploration wells program in the Mari D&P LeaseArea.

The company is highly encouraged with the positive results of said seismic data which has identified additional new prospects at different reservoir levels, which the Company plans to drill in the next 2-3 years to chase significant additional hydrocarbon in the area. MPCL presently, operates four development & production leases, eight exploration licenses and has joint venture interest share in five other exploration blocks.

Lt Gen Ishfaq Nadeem Ahmad (r), MD & CEO MPCL, has congratulated the entire staff and management of MPCL on the discovery and encouraged them to continue working hard for further success of company.