Mari Energies Limited has found new oil and gas reserves at the Spinwam-1 well located in Waziristan, Khyber Pakhtunkhwa, the was announced by the company in a letter to the Pakistan Stock Exchange (PSX) on Thursday.
“Reference our letter No. CA-25-4427, dated March 17, 2025, communicating the discovery of gas and condensate at exploration well Spinwam-1 in the Waziristan Block, KP from the Kawagarh Formation,” the company, formerly known as Mari Petroleum Company Limited (MARI), wrote to the PSX.
The well has flowed 23.85 MMSCFD of gas and approximately 122 bbl/day of condensate at a 32/64“ choke with a Well Head Flowing Pressure (WHFP) of 4,042 psig, the company further informed the stock market.
It added that further testing of additional targeted formations is underway to fully evaluate the well’s potential.
“Mari Energies is the operator of the Waziristan Block, holding a 55% working interest, with Oil and Gas Development Company Limited and Orient Petroleum Inc. as joint venture partners, holding 35% and 10% working interests, respectively,” the letter concluded.
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