The well is planned to be drilled to a depth of 700m and will target the Pirkoh Limestone formation of Eocene age.
Following completion of Reti-2 development well drilling, the Reti Lease’s daily production is expected to increase from current 2.99 MMcf/d (Jura share 0.32 MMcf/d) to approximately 6 MMcf/d (Jura share 0.64 MMcf/d).
Covering an area of 8.60km² in the Middle Indus Basin of Pakistan, the Reti lease is located close to major industrial gas markets and infrastructure.
The Reti Lease production is sold to Engro Fertilizers.
Oil and gas development company operates the Reti lease, in which Jura holds a 10.66% working interest.
Jura is focused on the exploration, development and production of petroleum and natural gas properties in Pakistan, through its subsidiaries, Frontier Holdings and Spud Energy.
