Petronas, Eni make Pakistan gas discovery
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)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.