According to a filing Pakistan Oilfields (POL) issued to the stock exchange on Friday, the Tolanj West -2 development well in the Tal block of the Kohat Plateau, Khyber Pakhtunkhwa, has successfully started producing hydrocarbons well ahead of schedule.
The production from this well was anticipated to begin in December 2022, according to POL, one of the biggest Exploration & Production (E&P) companies in the nation, but “with the best efforts of technical teams, wellhead surface facilities, and tie-in activities have made the production possible ahead of the original plan.”
According to the firm, Pakistan Oilfields Limited has a working stake in pre-commercial projects worth 25%.
Early in August, MOL, Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDCL), Government Holdings Private Limited (GHPL), and POL together explored and exploited Tolanj West-02, a portion of the Tal block.
POL, an affiliate of the Attock Oil Company Limited (AOC), engages in the country’s crude oil and gas exploration, drilling, and production. It also produces natural gas, LPG, and crude oil, which it sells under the POLGAS brand name.
The price of POL shares was Rs407.80 at the time of this publication, down Rs2.75 or 0.67%.
Days ago, OGDCL announced the discovery of oil reserves from its exploratory well namely Toot Deep-I well located in Attock District, Punjab.
