Abbasi inaugurates PPL’s Sui Compressors Revamping Project

381

KARACHI, Oct 24 (APP): Federal Minister for Petroleum and Natural
Resources Shahid Khaqan Abbasi on Monday inaugurated the Compressors Revamping Project at Pakistan Petroleum Limited’s (PPL) flagship Sui Gas Field.
A PPL statement said the event was attended by provincial and local government officials, area notables besides PPL’s management and staff.
It said the Compressors Revamping Project was undertaken in continuation of PPL’s endeavours towards production enhancement and reserves replacement.
The project was completed well ahead of time with an actual cost
of Rs. three billion against the budgeted Rs. four billion.
This has enabled additional recovery of almost 217 BCF gas reserves and 25 30 MMscfd increase in gas production from the compressors.
As a result of this and other initiatives, the annual historic production decline of six percent from Sui Gas Field has not only been arrested but also reversed with production being approximately five percent higher than the previous year, the PPL statement added.
In his welcome address, MD and CEO PPL Syed Wamiq Bokhari presented an overview of PPL’s recent achievements along with a string of records being broken primarily as a result of the company’s move to an asset based hybrid setup as well as staff efforts.
He highlighted the overall production decline reversal the company has been able to achieve along with Corporate Social Responsibility projects undertaken, especially in Sui.
The Minister for Petroleum and Natural Resources while speaking
on the occasion, congratulated PPL on its efforts towards production
enhancement, notably the compressors revamping project at Sui.
He urged oil and gas companies to enhance efforts for optimizing
production in order to bridge the supply demand gap and stem the drain on foreign exchange.
Home Minister of Balochistan Mir Sarfaraz Ahmed Bugti also shared
his views with the audience.
Commissioned and formally inaugurated in October 1987, it is the
largest compressor station in Pakistan. Sui compressors have been
gradually upgraded to increase production from the field.