KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of oil and gas in District Sanghar of Sindh province.
In an information to Pakistan Stock Exchange (PSX) it said that the joint venture of Bitrism Block comprising OGDCL as operator 95 percent and Government Holdings (Pvt.) Limited (five percent carried) has discovered oil and gas from its exploratory well Pandhi # 01, which is located in District Sanghar, Sindh Province.
It said that 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.
The discovery of Pandi # 01 is the result of aggressive exploration strategy adopted by the company in pursuance of the government’s directive to explore and produce local oil and gas. It would add to the hydrocarbon reserves of OGDCL and the country.