ISLAMABAD – New oil and gas reserves discovered in Pakistan by PakistanPetroleum Limited (PPL).
PPL has announced the discovery of hydrocarbons from exploration wellUnarpur-1 ST-1 in the Kotri North Block situated in district Jamshoro,Sindh.
According to a notification issued to the Pakistan Stock Exchange onTuesday, the discovery was made by the joint venture partners of theexploration Licence of the block, i.e. United Energy Pakistan Limited,holding a 50pc working interest; Pakistan Petroleum Limited, holding a 40pcworking interest; and Asia Resources Oil Limited, holding a 10pc interest.
Unarpur-1 ST-1 was spud on 2nd November 2018, and was drilled to a totaldepth of 12,920 feet to test the hydrocarbon potential of the lower basalsand of the Lower Goru Formation. Based on the wireline logs and drillingresults, a completion integrity test was done in the promising zone, whichconfirmed hydrocarbons in the lower basal sand.
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After completion of the well, a zone from 12,578 feet to 12,644 feet wasperforated in the lower basal sand that flowed approximately 18.5 millioncubic feet per day of gas and approximately 54 barrels per day of waterwith a flowing well head pressure of 1916psig at 44/64 choke.
