Pakistan Oilfields announces large oil, gas discovery in Kohat

Pakistan Oilfields announces large oil, gas discovery in Kohat

KARACHI: Pakistan Oilfields Limited (POL) on Thursday announced discovery of large deposits of oil and gas at TAL Block, Kohat District, Khyber Pakhtunkhwa.

According to an information received from POL to Pakistan Stock Exchange (PSX), the operator of TAL Block, hydrocarbons had been encountered in Development Well Makori Deep-02, which had been drilled and was currently under testing phase.

As a result of Drill Stem Test (DST) conducted at the well to test the potential of Lockhart formation, the well has tested 1,844 barrels per day of oil and 18.25 MMscf of gas per day at 32/64” fixed choke size at the flowing wellhead pressure 3,767 psi.

Production from the well is expected to start from December 2019, according to the announcement.

A DST is a procedure for isolating the testing the surrounding geological formations through the drill stem. The test is a measurement of pressure behaviour at the drill stem is a way to obtain important fluid sampling information and to establish the probability of commercial production.

Accordingly it should be borne in mind that actual production may differ significantly from the test result, it added.

TAL Block (3370-3) petroleum exploration license was awarded on Feb 11, 1999 to MOL Pakistan Oil and Gas Co.B.V. along with Oil and Gas Development Company limited (OGDCL) Pakistan Petroleum Limited (PPL) and Government Holdings Private Limited (GHPL) over an area of 4643.48 SQ KM. Subsequently, consortium was joined by Pakistan Oilfields Limited (POL) on October 8, 2001.

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