It was reported in September 2019 that Pakistan Petroleum Ltd (PPL) has assigned 2.5% working interest in the Shah Bandar 2467-16 EL (Indus Delta / Indus Basin) onshore licence to Government Holdings Pvt Ltd (GHPL) which was made effective retrospectively from 28 February 2014. The revised equity split is as follows: PPL 63% (operator), Mari Petroleum Company Ltd (MPCL) (32%) GHPL 2.5% and Sindh Energy Holding Company Ltd (SEHCL) (2.5%). The licence covers an area of 2,083 sq km and is located in the Sindh province.  PPL had announced the Benari X-1 gas discovery in Shah Bandar EL on 5 December 2018. The well was drilled to a TD of 3,470 m and during drill stem test (DST) of the âA Sandâ unit of the Upper Sand, Lower Goru Formation it flowed 9.05 MMcf/d of gas through a 48/64â choke at a well head flowing pressure of 855 psi. This was the companyâs first well in the block.  Â   Background Information  The Shah Bandar block was exclusively awarded to PPL with the signing of Petroleum Concession Agreement (PCA) on 21 February 2014. PPL then assigned 2.5% stake in the block to SEHCL, which represents Sindhâs provincial government, in March 2016 - it however was made effective from the date of award for this block which was 21 February 2014.  PPL acquired 330 line km 2D seismic over the block between February-June 2015. The company then acquired 372 sq km 3D seismic (dynamite / air gun source) during November 2015 â September 2016 period using the services of Sinopec International Petroleum Service Corp (SINOPEC).   MPCL announced on 23 June 2016 that its Board of Directors approved the acquisition of 32% interest in Shah Bandar EL from PPL. The revised equity split in the block after government approval would be as follows: PPL (65.5%, operator), MPCL (32%) and SEHCL (2.5%).  PPL was granted a one-year extension to Phase-I of initial term of the Shah Bandar EL from 21 February 2017 to 20 February 2018. This was followed by a further nine-month extension from 21 February 2019 to 20 November 2019.
(PPL) has assigned 2.5% working interest in the Shah Bandar 2467-16 EL (Indus Delta / Indus Basin) onshore licence to Government Holdings Pvt Ltd (GHPL)