Pakistan Petroleum Limited (PPL) has identified and executed a production enhancement opportunity in the Sui Gas Field through the Revamping of SML Compressors resulting in a production increase.
The company shared this information with the Pakistan Stock Exchange (PSX) through a notice on Tuesday in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1 of the PSX Regulations.
“The company is pleased to announce its contribution towards Pakistan’s Energy Outlook as it remains committed to ensuring a secure energy future for the country by maximizing domestic hydrocarbon production,” read PPL’s notice.
“With many of the Company’s producing fields maturing and on their natural decline, the company has identified and executed a production enhancement opportunity in Sui Gas Field through Revamping of SML Compressors resulting in production increase,” it added.
The company said that the execution of this opportunity has manifested in a production gain of 19 MMSCFD. This revamping project was initiated in March 2023 and completed in June 2024, addressing the declining wellhead pressure due to field aging whereby all seven SML Compressors were successfully revamped by operating at a lower inlet pressure to sustain production from Sui Gas Field.
This additional and cost-effective indigenous hydrocarbon production will contribute to bridging the energy demand and supply gap and save significant foreign exchange for the country.
