Pakistan Oil Fields Limited reveal new discoveries of hydrocarbon reserves in Punjab

Shares
Pakistan Oil Fields Limited reveal new discoveries of hydrocarbon reserves in Punjab

ISLAMABAD - Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab.

In a notification link to the Pakistan Stock Exchange, the company announced that the drilling of Pindori-10 was commenced on January 28, 2019, and achieved its target depth at 13,701 feet.

As a result of Drill Stem Test (DST) conducted at the well to test the potential of Lockhart Formation, the well has tested the following hydrocarbons: *CHOKE* *PRODUCTION PARAMETERS* *OIL (BARRELS PER DAY)* *GAS (MILLION STANDARD CUBIC FEET PER DAY* *WATER (BARRELS PER DAY)* *WHFP* 20/64” Fixed Minimum 655 2.57 220 2,850 20/64” Fixed Maximum 1,103 2.98 397 3,068 20/64” Fixed Average 832 2.76 330 2,951

The testing of well is in progress, said the notification. It also highlighted that a Drill Stem Test (DST) is a procedure for isolating and testing the surrounding geological formations through the drill stem.

It is a measurement of pressure behavior at the drill stem and is a way to obtain important fluid sampling information and to establish the profitability of commercial production. It should be kept in mind that the actual production may differ from the test results, noted the company.

Pakistan Oilfields Limited (POL) has 35% working interest in Pindori D&P Lease while Oil and Gas Development Company Limited (OGDCL) and The Attock Oil Company Ltd. (AOC) hold 50% and 15% share respectively.

More from this category