Mari Energies Limited (PSX: MARI) announced on Tuesday that it has discovered gas and condensate at the Spinwam-1 exploration well, drilled in the Waziristan Block of North Waziristan District, Khyber Pakhtunkhwa.
Mari Energies operates the Waziristan Block with a 55% working interest, while its joint venture partners, Oil and Gas Development Company Limited and Orient Petroleum Inc., hold 35% and 10% respectively.
Read more: New Gas Reserves Discovered in K-P
The Spinwam-1 well is the second exploratory well in the Waziristan Block, spud on May 28, 2024, and drilled to a total depth of 4,400 meters.
Well testing is currently underway. Initial pre-acid tests on the Samanasuk Formation recorded a gas flow of 12.96 MMSCFD and roughly 20 barrels per day of condensate at a 32/64″ choke, with a wellhead flowing pressure of 2,127 psig.
Additional tests, including a post-acid treatment and assessments of the current and other target formations, are in progress to fully evaluate the well’s potential.
This discovery has unveiled a new play within the Block, according to the filing.
