OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa.

In a notification to Pakistan Stock Exchange (PSX) and London Stock Exchange Plc., the company said that the joint venture of Kohat E.L. comprising OGDCL as operator (50 percent), Mari Petroleum Company Limited (MPCL) (33.33 percent) and Saif Energy Limited (SEL) (16.67) percent, has discovered gas and condensate from its exploratory efforts at Well Togh-01, which is located in district Kohat, Khyber PakhtoonKhwa Province.

Togh Well#01 was drilled and tested using OGDCL’s in house expertise in consultation with Kohat Joint Ventures MPCL and Saif Energy. “The well was drilled down to the depth of 3200 meters. The well was tested at the rate of 12.7 million standard cubic feet per day (MMSCFD) gas, 240BPD condensate through choke size 32/64” at well head flowing pressure 2478 Pounds per Squre Inch (Psi) from Lumshiwal formation.

The company said that the discovery of Togh Well # 01 is the result of aggressive exploration strategy adopted by Kohat the Joint Venture. It has opened a new avenue and would add to the hydrocarbon reserves base of the OGDCL, Joint Venture partners and of the country.

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