Sunday, July 21, 2013

ENI Finds Gas Onshore Pakistan

Italy's ENI reported Monday that it has made a new gas discovery on the Sukhpur Block, located in the Kirthar Foldbelt onshore Pakistan.

ENI said its Lundali-1 NFW exploration well was drilled to a total depth of 8,727 feet and encountered gas-bearing sands in the Paleocene sequence. During production testing the well produced gas that flowed up to a rate of 33 million cubic feet per day.

ENI added that the new discovery marks "another success" in its near field exploration strategy in the country. The additional production at Lundali will allow the optimization of the existing Eni's infrastructure including the Bhit gas processing facility located some 18 miles to the west of the block. The company also said the result confirms the significant exploration potential of the Sukhpur Block where it plans to drill another exploration well within next twelve months.

ENI's joint venture partners in the Sukhpur Block included PPL, with a 30-percent interest, and KUFPEC, which has a 25-percent stake.

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