Petronas, Eni make Pakistan gas discovery

Deals

A consortium that includes Italian oil company Eni SpA and Malaysia’s Petroliam Nasional Bhd (Petronas) have made an onshore gas discovery in Pakistan, Eni said on Monday.

The discovery was at the Saqib 1A well in the Mubarak exploration block, Sindh province, Eni said in a statement. The block’s operator is Petronas Carigali Pakistan Ltd., with a 57% stake. Eni has a 38% holding and Government Holding Private Ltd. 5%.

The well was successfully tested and flowed at 25 million standard cubic feet of gas per day with 60 barrels of condensate per day. “Eni and its partners are now evaluating the potential of the discovery in order to identify the most suitable development plan,” the statement said. (Reuters)

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