Times of Islamabad

New oil and gas reserves discovered by OGDC in Pakistan

New oil and gas reserves discovered by OGDC in Pakistan

KOHAT – The Oil and Gas Development Corporation (OGDC) announced on Mondaydiscovery of gas in its exploratory well Chand X-1, located in districtKohat, Khyber Pakhtunkhwa.

OGDCL is operator of the block with a 72% stake in the field.

The discovery size is expected to be 2.2mmcfd of gas and 700bbl/day.

Last month, Pakistan Petroleum Limited along with its joint venturepartners Government Holdings (Private) Limited and Asia Resources OilLimited had made a gas and condensate discovery from its exploration wellBadeel X-1 located in District Sanghar, Sindh.

Badeel X-1 was spud on May 16, 2018 and reached the final depth of 4150meters on July 17, 2018. Based on wire line logs, potential hydrocarbonbearing zones were identified inside massive sand.

Testing of the zone is in progress. However, actual flow potential ofBadeel X-1 will be assessed after completion of the test. Moreover, theentire potential of the well was determined after evaluating and testing ofits other potential hydrocarbon bearing zones.

The discovery was added to the hydrocarbon reserves, reducing the supplyand demand gap in the country.