New oil and gas reserves discovered in Pakistan by OGDC

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New oil and gas reserves discovered in Pakistan by OGDC

ISLAMABAD: The Oil and Gas Development Company (OGDC) said on Tuesday that it has found oil and gas at its condensate at Togh well-1 in Kohat, Khyber Pakhtunkhwa.

The well was drilled and tested using the OGDC’s in house expertise in consultation with joint venture partners Mari Petroleum Company Limited (MPCL) and Saif Energy Limited (SEL), an OGDCL press release stated. The well was drilled down to the depth of 3,200 metres.

According to a preliminary test, the well could produce 50 barrels per day (BPD) of condensate through 32/64 choke at wellhead flowing press of 760-823 pounds per square inch (psi), and 4.1 million standard cubic feet per day (MMSCFD) gas.

OGDC said the discovery of the well is the result of aggressive exploration strategy adopted by the company which opened a new avenue in KP areas and would add to the hydrocarbon reserves base of the company as well as the joint venture partners.

Economy