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New oil and gas reserve discovered in Pakistan: Report

New oil and gas reserve discovered in Pakistan: Report

ISLAMABD – Pakistan Petroleum Limited, operator of Hub Block (2566-4),together with its joint venture partner Sindh Energy Holding CompanyLimited has discovered hydrocarbons from exploratory well Hub X-1, locatedin District Lasbela, Balochistan.

Hub X-1 was spud on September 9, 2017 and drilled down to the depth of4,555 metres to test the potential of Cretaceous and Jurassic reservoirs.

Based on the wireline log results and drilling data, hydrocarbon bearingzones were identified in Goru formations of Cretaceous age.

During testing, the well flowed 0.08 MMscfd from 2730-2760 m interval at16/64” choke. Moreover, from zone between 2250-2375 m, continuous gas wasobserved at surface with the rate of 0.02 MMscfd at 8/64” choke. This ratemay be uncertain due to very low flow rate.

The Hub X-1 discovery has academic significance and may cast favourableimpact on the future of exploration in the area.

The true extent of the discovery will only be known after substantialappraisal work