PPL plans $40mn deep drilling at Sui: report

Pakistan Petroleum Limited plans to drill a 6,000-metre exploratory well at Sui in FY28, with an initial target of 2 trillion cubic feet of gas. Business Recorder, citing an Arif Habib Limited report on an analyst briefing, said the project is expected to cost $35-40 million and will face high-temperature, high-pressure conditions.

PPL is also working to lift output as mature fields decline by around 8-9% annually. The company expects production of about 680 MMscfde in FY27, compared with 649 MMscfde in FY26, supported by new field contributions and processing capacity. The Zafir plant is expected to start operating in December 2026, while the Pateji facility is expected to be commissioned by June 2027 and add around 16 mmcfd of sales gas.