PPL targets Sui Deep drilling in FY28, with estimated capex of $35-40 million

Pakistan Petroleum Ltd PPL is targeting Sui Deep exploratory drilling in FY28, with the well planned to reach 6,000 metres and an initial gas target of 2 TCF. Estimated capex for the project is $35-40 million.

The high-temperature, high-pressure conditions at the site present technical challenges. The project forms part of PPL's exploration activity as mature fields face natural depletion of around 8-9% annually.

PPL expects production to reach around 680 million cubic feet of gas equivalent per day in FY27, compared with 649 MMscfde in FY26. The company expects 33 mmcfde of incremental production during FY27, mainly from Baragzai in Nashpa, Latif-25, Makori East, Tolanj West and Rehman-9 in the Kirthar Block. Development work at these fields is expected to contribute around 17 mmcfd.