KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced discovery of natural gas in the province of Khyber Pakhtunkhwa (KPK).
In a communication sent to Pakistan Stock Exchange (PSX) and London Stock Exchange (LSE), the company said that it had successfully tested gas and condensate in Lockhart Limestone at Wali-1 well which is located in FR Lakki, Khyber Pakhtunkhwa Province, Pakistan.
It said that Wali #01 well was spudded-in on December 02, 2019 as an exploratory well and drilled down to a total depth of 4727 meters into Kawagarh Formation. Earlier, at said well, successful testing was carried out in Kawagarh and Hungu Formation, which proved to be gas and condensate discovery.
“Now third prospective zone, Lockhart Limestone, in the Wali-1 has also been tested at the rate of 13.695 million Standard Cubic Feet Per Day (MMSFD) gas and 1010 barrels per day condensate (BPD) at choke size 32/64” at WellHead Flowing Pressure of 3050 Psig.”
The confirmation of presence of hydrocarbons in the deeper reservoirs has further extended the hydrocarbon play area on the south western part of Bannu Basin and de-risked the exploration. It will positively contribute in mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country, the company said.