New oil and gas reserves discovered in Pakistan
Shares
ISLAMABAD- The Oil and Gas Development Company Limited (OGDCL) has discovered gas in its exploratory well ‘Jandran X-04’ in Barkhan District, Balochistan, according to a notification submitted to the Pakistan Stock Exchange (PSX) on Monday, 17 May 2021. ------------------------------
------------------------------
OGDCL stated that the structure of the site had been delineated, drilled, and tested using the company’s in-house expertise. The well had been drilled to the depth of 1200m into Parh limestone. Based on wireline logs data, successfully DST was carried out in Mughal Kot Formation wherein the well tested 7.08 million standard cubic feet per day (MMSCFD) gas and 0.55 barrels per day (bpd) condensate with wellhead flowing pressure of 1300 pounds per square inch (psi) at 32/64” choke size, ------------------------------
The notification also detailed that the discovery of the new well is the result of an aggressive exploration strategy adopted by the OGDCL, and that it has opened a new avenue and will add to the hydrocarbon reserves of both the company and the country.
