In a major development, New Oil and Gas Reserves discovered in Pakistan

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In a major development, New Oil and Gas Reserves discovered in Pakistan

*KARACHI: In a major development on Wednesday, Oil and Gas Development Company Ltd (OGDCL) announced that it had discovered oil and gas reservoir in district Sanghar of Sindh province.*

According to OGDCL statement, the oil and gas reservoir was discovered in Pandhi area of Sanghar.

“The joint venture of Bitrism Block comprising of Oil and Gas Development Company Limited (OGDCL) as operator (95 percent) and Government Holdings (Pvt) Limited (5 Percent carried) has discovered oil and gas from its exploratory well Pandhi # 01, which is located in district Sanghar, Sindh province.”

“The structure of Pandhi # 01 was delineated, drilled and tested using OGDCL’s in house expertise. The well was drilled down to the depth of 3600 meters. The well has tested 9.12 Million Standard Cubic Feet per Day (MMSCFD) of gas and 520 barrels per day of oil through choke at Wellhead flowing pressure of 840 Pounds per square inch (Psi) from Lower Goru (Basal Sand) Formation,” reads a statement.

Earlier in May, the Oil and Gas Development Company Ltd (OGDCL) discovered gas and condensate oil in Tando Muhammad Khan district of Sindh.

In its statement, the OGDCL said the joint venture of Nim Block comprising OGDCL as operator and Government Holding Private Limited (GHPL) had discovered gas and condensate oil from its exploratory cum appraisal well, Mangrio-1, located in district Tando Muhammad Khan, Sindh.”