OGDCL discovers gas reserves in KP

KARACHI: The Oil and Gas Development Company Limited (OGDCL), being the operator of Wali Exploration Licence with 100 per cent working interest, has made a gas and condensate discovery from its exploratory efforts at Well Wali 01, which is located in Khyber-Pakhtunkhwa, a bourse filing said on Thursday.

The well test has recovered 11.8mmscfd of gas and 945bpd of condensate. The discovery of Well Wali 01 is the result of aggressive exploration strategy adopted by the company.

“The said discovery is unique, as it is the first-ever discovery made in Kawagarh Formation in Pakistan and will open [up] new avenues for exploration and this will give [a] boost to [the] exploration activities in Pakistan,” the company said.

The structure of Well Wali 01 was drilled and tested using the company’s in-house expertise. It was drilled down to the depth of 4,727 metres Kawagarh Formation. Based on the good oil/gas shows during drilling, interpretation of the open hole logs data, i.e., the presence of fractures in limestone based on image logs data, Drill Stem Test (DST) was conducted in the Kawagarh Formation of Late Cretaceous age.

The OGDCL is a pioneer in making landmark discoveries of hydrocarbons in Khyber-Pakhtunkhwa. Previously, it made the discovery of Chanda and has now discovered oil and gas from Kawagarh Formation (Kohat Basin) in Pakistan, upholding its record.

The discovery will add to the hydrocarbon reserves of OGDCL, in addition to increasing hydrocarbon supply and reducing the energy crisis in the country, it added.

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