Petroleum Exploration (Pvt.) Ltd
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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.