New Gas and Condensate reserves found in Pakistan
Shares
The Oil and Gas Development Company Limited (OGDCL), as the operator (95 percent), and Government Holdings (Pvt) Ltd (5 percent), has discovered gas from its Exploratory Well, Sial-1, located in Hyderabad district, Sindh.
According to the notice issued to Pakistan Stock Exchange, the structure of Sial-1 was drilled and tested using OGDCL’s in-house expertise.
The well was drilled to a depth of 2442 meters. Based on logs data, the well was tested at the rate of 1.146 million standard cubic feet per day (MMSCFD) of gas and 680 barrels per day (BPD) of condensate through 32/64” choke at wellhead flowing pressure of 460 pounds per square inch (Psi) from Lower Guru Formation. ------------------------------
------------------------------
The discovery of Sial-1 is a result of the aggressive exploration strategy adopted by the company, the statement said.
It has opened a new avenue and would add to the hydrocarbon reserves base of OGDCL and the country.
The strategy would also contribute to reducing the gap between the supply and demand of oil and gas in the country through the exploitation of indigenous resources.
