Scandoil  

Jura Energy completes development well Reti-2 in Pakistan


Published May 7, 2015
Jura Energy Corporation

Jura Energy Corporation is pleased to provide an update on its operations in Pakistan.

Guddu Block

Reti-2 development well

After successful drilling, the development well Reti-2 has been completed in the Pirkoh Limestone formation of Eocene age. Production from Reti-2 is expected to commence in June 2015 after tie-in with the existing production facilities.

Jura holds a 10.66% working interest in the Reti lease, which is operated by Oil and Gas Development Company Limited.

Commencement of production from Maru East-1

Production from Maru East-1 has commenced after allocation of gas from the well to Engro Fertilizers Limited, the existing buyer of gas from Reti Maru gas fields in the Guddu Block. Currently, the well is producing gas at the rate of approximately 2.6 MMcf/d (Jura share 0.3 MMcf/d).

Production from Maru East-1 is expected to be entitled to a gas price of approximately US$ 5.11 per MMBtu, based on the cost and freight price of a basket of crude oil priced at US$ 70 per barrel, under Pakistan Petroleum (Exploration & Production) Policy, 2012.

Tags: Jura Energy Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml