AGL 35.63 Decreased By ▼ -0.07 (-0.2%)
AIRLINK 130.80 Decreased By ▼ -2.70 (-2.02%)
BOP 5.03 Increased By ▲ 0.06 (1.21%)
CNERGY 3.98 Decreased By ▼ -0.05 (-1.24%)
DCL 8.50 Increased By ▲ 0.08 (0.95%)
DFML 47.80 Increased By ▲ 0.40 (0.84%)
DGKC 74.90 Decreased By ▼ -0.10 (-0.13%)
FCCL 24.64 Increased By ▲ 0.39 (1.61%)
FFBL 48.40 Increased By ▲ 2.40 (5.22%)
FFL 8.97 Increased By ▲ 0.04 (0.45%)
HUBC 147.50 Decreased By ▼ -6.60 (-4.28%)
HUMNL 10.99 Decreased By ▼ -0.01 (-0.09%)
KEL 4.03 Decreased By ▼ -0.03 (-0.74%)
KOSM 8.35 Decreased By ▼ -0.53 (-5.97%)
MLCF 33.04 Increased By ▲ 0.29 (0.89%)
NBP 57.76 Decreased By ▼ -0.04 (-0.07%)
OGDC 143.59 Increased By ▲ 0.79 (0.55%)
PAEL 26.06 Increased By ▲ 0.05 (0.19%)
PIBTL 5.85 Decreased By ▼ -0.07 (-1.18%)
PPL 116.11 Increased By ▲ 1.51 (1.32%)
PRL 24.32 Increased By ▲ 0.17 (0.7%)
PTC 11.53 Increased By ▲ 0.06 (0.52%)
SEARL 57.91 Decreased By ▼ -0.09 (-0.16%)
TELE 7.62 Decreased By ▼ -0.09 (-1.17%)
TOMCL 41.25 Increased By ▲ 0.11 (0.27%)
TPLP 8.41 Decreased By ▼ -0.26 (-3%)
TREET 15.30 Increased By ▲ 0.22 (1.46%)
TRG 58.55 Decreased By ▼ -1.35 (-2.25%)
UNITY 28.31 Increased By ▲ 0.31 (1.11%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 8,564 Increased By 104.4 (1.23%)
BR30 27,077 Decreased By -191.6 (-0.7%)
KSE100 81,988 Increased By 1527 (1.9%)
KSE30 25,945 Increased By 476.6 (1.87%)

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), on Tuesday, announced the discovery of gas condensate in the Razgir-1 exploratory well, in the Tal Block, located in Kohat, Khyber Pakhtunkhwa.

The Razgir-1 exploratory well was spudded-in on January 9, 2024, and has been successfully drilled down to a depth of 3,774 meters True Vertical Depth (TVD).

Based on the interpretation results of wireline logs data, the Kawagarh-1 formation (Exploratory Target) was tested successfully at a rate of around 16.4 Million Standard Cubic Feet per Day (MMSCFD) of gas and 159 Barrels per Day (BPD) of condensate.

This was achieved at a choke size of 40/64" and a Wellhead Flowing Pressure (WHFP) of 1874 Pounds per Square Inch (Psi).

This significant discovery in the Tal Block de-risked further exploration play in the area, leading to new upside opportunities.

The newfound hydrocarbon reserves will play a crucial role in enhancing the indigenous supply of hydrocarbons, thereby contributing to the country's energy security. The OGDCL is committed to exploring and developing the country's hydrocarbon resources efficiently.

Copyright Business Recorder, 2024

Comments

Comments are closed.