Exploration and production: Mari Gas makes oil discovery

discovery to accrue huge foreign exchange savings which could range in billions of dollars at the current oil price.

ISLAMABAD: Mari Gas Company Limited (MGCL) has made a significant crude oil discovery with the additional potential of associated gas, during the drilling of Halini Well in its operated Karak Exploration Block. The block is located at the border between Khyber-Pakhtunkhwa (K-P) and Punjab (between the districts of Karak and Mianwali), a press statement said on Thursday. The discovery is estimated to accrue huge foreign exchange savings which could range in billions of dollars at the current oil price trend. The flow rates from the Halini Well are expected to increase with further testing which is planned to be conducted shortly.

Published in The Express Tribune, October 14^th, 2011.