Kirthar Pakistan BV (KPBV), a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), has plugged and abandoned the Paharpur X-1 new field wildcat (NFW) well within the Paharpur 3170-5 EL (Indus Basin) onshore concession during May 2019 at a TD of 3,000 m. The well was spudded on 12 March 2019 using the âCCDC-27â land rig with a prognosed TD of 3,000 m in the Cambrian. This was the companyâs first exploratory well in the block and it was targeting the Cambrian Khewra Sandstone and Permian Tobra Formation.  The well was drilling at 1,052 m depth by the end of March and reached 1,956 m during mid-April 2019. It progressed to 2,845 m depth by the end of April 2019.  The Paharpur licence covers an area of 2,213 sq km in the Dera Ismail Khan, Tank and Bhakkar districts of the Khyber Pakhtunkhwa / Punjab provinces, and current equity split is as follows: KPBV 60.07% (operator), Pakistan Petroleum Ltd (PPL) 35%, Government Holdings (Pvt) Ltd (GHPL) 2.5% and Khyber Pakhtunkhwa Oil and Gas Company Ltd (KPOGCL) 2.43%.    Â     Background Information    The Paharpur licence was exclusively awarded to KPBV on 13 March 2015. KPBV subsequently assigned 2.5% working interest to Government Holdings (Pvt) Ltd (GHPL) and 2.43% to Khyber Pakhtunkhwa Oil and Gas Company Ltd (KPOGCL) with effect from 13 March 2015. As a result, the revised equity split was as follows: KPBV 95.07% (operator), GHPL 2.5% and KPOGCL 2.43%.    KPBV had carried out 1,178 LKM 2D seismic acquisition (dynamite source) in the block from October 2016 to March 2017 using the Bureau of Geophysical Prospectingâs (BGP) â9501-Bâ seismic crew.    KPBV was granted a 12-month extension to the Phase-I of initial term of Paharpur EL from 13 March 2018 to 12 March 2019.    KPBV assigned 35% of its working interest in Paharpur EL to PPL with effect from 29 November 2018. As a result, the revised equity split is as follows: KPBV 60.07% (operator), PPL 35%, GHPL 2.5% and KPOGCL 2.43%.
Pakistan, Paharpur 3170-5 EL