New oil and gas reserves discovered in Pakistan

New oil and gas reserves discovered in Pakistan

ISLAMABAD – The Oil & Gas Development Company Limited (OGDCL) has discovered new deposits of oil and gas in Musa Khel district of Balochistan.

In a letter sent by the OGDCL to Pakistan Stock Exchange (PSX) official, it wrote: “We are pleased to inform you that by the Grace of Almighty Allah, Oil and Gas Development Company Limited (OGDCL) as Operator (100%) of Lakhirud Exploration Licence has discovered gas from its exploratory well Lakhirud X-1, which is located in District Musa Khel, Balochistan Province”.

The structure of Lakhirud X-1 was drilled and tested using OGDCL's in house expertise while the well was drilled down to the depth of 3000 meters.

Based on logs data, the well has the capacity to produce “2.5 Million Standard Cubic Feet per Day (MMSCFD) of gas and 18 Barrels Per Day (BPD) of water through 32/64" choke at Well Head Flowing Pressure of 600 Pounds per Square Inch (Psi) from Mughal Kot Formation”.