MPCL plays a pivotal role in ensuring food security of Pakistan
ISLAMABAD, (Parliament Times) : Mari Petroleum Company Limited (MPCL) is an integrated exploration and production company, currently operating Pakistan’s largest gas reservoir in the Mari D&P lease area, Daharki, Sindh. With around 23% market share, it is the second largest gas producer in the country. MPCL plays a pivotal role in ensuring food security of Pakistan as more than 90% of the urea production in the country is made with the MPCL supplied gas. In the last five years, the company has contributed around PKR 366 billion to the national exchequer in the form of taxes, levies and duties, is one of the largest tax payer and has saved around USD 11 billion in foreign exchange against import substitution.
Keeping up with its tradition of deploying innovative technologies, the company has drilled its first-ever horizontal well “Mari-122H” in the Habib Rahi Limestone (HRL) Reservoir at Mari Gas Field. This landmark development well was designed to achieve higher gas rate and higher Flowing Well Head Pressure (FWHP) which could not be achieved from conventional vertical wells. The total drilled interval of the well is 1,550 meters including the horizontal section of around 530 meters. The well was successfully tested at a rate of around 21 MMSCFD of gas at a FWHP of 426 psig which is highest-ever tested gas rate amongst 120 vertical wells drilled during the development history of the HRL Reservoir. This well will allow better management of gas delivery pressure while maintaining the current production rates.
This success has delivered a new opportunity for MPCL to further exploit and optimize the remaining hydrocarbon resources from HRL Reservoir. The Company is working to put this well on early production and also evaluating possibility of drilling additional horizontal wells.
Mr. Faheem Haider, Managing Director & CEO reiterated his commitment to deploy new technologies in MPCL’s operations to maximize recovery of the indigenous hydrocarbon resources. He further said that MPCL’s aim is to arrest the declining gas production in the country through a combination of maximizing production from current fields and discovering new resources via aggressive exploration strategy in the frontier areas in company’s portfolio.
Mr. Waqar Ahmed Malik, Managing Director/CEO of the Fauji Foundation and Chairman MPCL Board of Directors congratulated MPCL’s management for this splendid accomplishment which shall help in sustaining gas supplies to fertilizer plants and ultimately contribute towards country’s food security.
MPCL is a Fauji Foundation (FF) Group company. FF is a hybrid social enterprise pursuing a social mission financed through ventures in agriculture, food, oil and gas, energy, cement, construction, financial services and infrastructure. In addition, it also operates the largest health care network with over 2,000 beds across 74 medical facilities and 123 education institutions providing top-quality education. The Foundation’s contribution to the national exchequer is over PKR 150 billion per annum with over 27,000 employees associated with the Group.