PPL Becomes First Pakistani Company To Successfully Spud First International Exploration Well In Iraq

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PPL becomes first Pakistani company to successfully spud first international exploration well in Iraq

Minister for Petroleum Wednesday congratulated the Pakistan Petroleum Limited (PPL) for making history by becoming the first Pakistani company to successfully spud its first international exploration well in Iraq

ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Apr, 2019 ) :Minister for Petroleum Wednesday congratulated the Pakistan Petroleum Limited (PPL) for making history by becoming the first Pakistani company to successfully spud its first international exploration well in Iraq.

"This achievement has firmly imprinted PPL's presence on the global energy map" said the minister in a statement.

The company is operating Block 8 located in Mesopotamian basin and is surrounded by areas having several large oil and gas fields.

The well is named as Madian I A Chinese drilling contractor ZEPEC is drilling the well on integrated project management basis.

The minister said, "This achievement indicated, our nation has a rich pool of talented individuals who, given adequate facilitation are able to overcome obstacles and deliver." The Madain-1 prospect was managed with the help of a 3D seismic survey carried out by the company over a 300 square kilometers area of the block that spans around 6,000 square kilometers.

There are multiple reservoir targets in Madian-1 that will be drilled through a depth of approximately 5,000 meters.

The minister said, "reform agenda of the present government including in the Oil and Gas sector will yield fruits soon".

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