Jura Energy Starts Drilling Badar-2 Gas Well in Pakistan's Indus Basin

Jura Energy has announced that the drilling of the Badar-2 development well has commenced in the Badar lease.

The projected depth of the well is 1,445 meters, which will target the Sui Main Limestone formation of Eocene age. Anticipated future incremental production from Badar lease after drilling of development well Badar-2 is expected to be entitled to a gas price of $ 6 per MMBtu under Pakistan’s Petroleum (Exploration & Production) Policy, 2012.

The Badar lease covers an area of 122 sq km and is located in the Middle Indus Basin of Pakistan, close to major industrial gas markets and infrastructure.

Jura holds a 7.89% working interest in the Badar lease, which is operated by Petroleum Exploration (Pvt.) Limited.