By grace of Almighty Allah, Petroleum Exploration (Pvt) Ltd. (PEL, operator) along with Joint Venture
partners
of Badin-IV South Block, is pleased to announce gas/condensate discovery at its exploration well Zahrah
North-01, located in district Badin, Sindh Province.
Zahrah North-01 well was spudded-in on 27th June, 2023 and was successfully drilled down to depth of
2657m.
Based on wireline logs interpretation, the well tested 16.65 16.76 Million Standard Cubic Feet Per Day of
gas,
condensate of 52 barrels per day at Flowing Well Head Pressure of 1930 Pounds per Square Inch (PSI) on
40/64”
choke. This discovery will add to the hydrocarbon reserves and help the energy sector to abridge the
demand
and supply gap.
Under the visionary leadership of its late founding Chairman, Mr. Zaheeruddin and its founding directors,
Mr.
Muhammad Kausar and Mr. Zafar Iqbal, PEL embarked on an ambitious exploration journey that has now
culminated
in the unearthing of substantial hydrocarbon deposits. This discovery is a testament to the dedication,
expertise, and perseverance of the PEL’s team, whose relentless efforts have led to this extraordinary
find.
Director Operations of Petroleum Exploration (Pvt) Ltd., Mr. Shahbaz Zaheer while talking to this scribe
said:
“We are pleased with the positive results of the well. It will provide the drive for PEL to continue
exploring
in the Lower Indus Basin, which is one of our focus basins in Pakistan. We look forward for further
successful
collaborations with our JV Partners and to further strengthen our relationship with the Government of
Pakistan. PEL as a solutions partner would like to ensure its progress towards delivering clean and
reliable
energy in the market in the larger national interest.”
In a recent statement, Director Mr. Moeenuddin expressed profound elation, stating, “This discovery is a
matter of great celebration not only for PEL but also for our beloved country. It showcases our nation’s
inherent potential and positions us prominently on the global energy map. We are committed to fulfilling
all
our obligations towards the Government of Pakistan, as we consider it a privilege to contribute to our
nation’s growth and energy security. The discovery augurs well for the energy starved nation and will act
as
stimulant for further exploration in the country.”
Mr. Shahzad Zaheer, Chairman & Chief Executive of PEL, appreciated the support and cooperation of the
Joint
Venture Partner which made this discovery possible. He further appraised that his Company is committed to
build a strong indigenous base of oil and gas exploration, which will contribute in taking the country on
the
path of self-sufficiency in the oil and gas sector. This achievement holds particular significance due to
the
challenging circumstances under which the exploration was carried out. Despite the imminent dangers posed
by
Cyclone Biparjoy, PEL demonstrated unwavering determination and resilience, completing the well and
safeguarding the lives of its dedicated personnel.
This remarkable feat underscores the company’s commitment to responsible operations, safety, and
environmental
stewardship The Chairman, Management and Senior executives of PEL celebrate this landmark achievement and
extend its gratitude to the Government of Pakistan, regulatory authorities, industry partners, and local
communities for their unwavering support and cooperation throughout this journey.
