AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 127.31 Increased By ▲ 0.27 (0.21%)
BOP 6.59 Decreased By ▼ -0.08 (-1.2%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
DCL 8.53 Decreased By ▼ -0.02 (-0.23%)
DFML 42.00 Increased By ▲ 0.56 (1.35%)
DGKC 87.71 Increased By ▲ 0.86 (0.99%)
FCCL 32.62 Increased By ▲ 0.34 (1.05%)
FFBL 65.15 Increased By ▲ 0.35 (0.54%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.75 Increased By ▲ 0.18 (0.16%)
HUMNL 14.64 Decreased By ▼ -0.04 (-0.27%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.57 Increased By ▲ 0.11 (1.47%)
MLCF 41.65 Increased By ▲ 0.27 (0.65%)
NBP 59.71 Decreased By ▼ -0.70 (-1.16%)
OGDC 193.65 Increased By ▲ 3.55 (1.87%)
PAEL 28.25 Increased By ▲ 0.42 (1.51%)
PIBTL 7.78 Decreased By ▼ -0.05 (-0.64%)
PPL 151.98 Increased By ▲ 1.92 (1.28%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.20 Increased By ▲ 0.13 (0.81%)
SEARL 84.40 Decreased By ▼ -1.60 (-1.86%)
TELE 7.69 Decreased By ▼ -0.02 (-0.26%)
TOMCL 35.39 Decreased By ▼ -0.02 (-0.06%)
TPLP 8.11 Decreased By ▼ -0.01 (-0.12%)
TREET 16.00 Decreased By ▼ -0.41 (-2.5%)
TRG 52.70 Decreased By ▼ -0.59 (-1.11%)
UNITY 26.38 Increased By ▲ 0.22 (0.84%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,785 Increased By 429.6 (0.46%)
KSE30 29,050 Increased By 119.3 (0.41%)

Well-16 at Adhi Field, located in districts of Chakwal and Rawalpindi, has been declared productive, which will produce approximately 900 barrel oil and 7.5 mmcf gas per day, it is learnt reliably. According to tests conducted by experts so far, Well-16 has been found productive for presence of oil and gas reserves, official sources confirmed to Business Recorder on Wednesday.
It may be recalled that earlier the joint venture partners were not much hopeful about the discovery, as preliminary tests had indicated no presence of oil in the well.
The sources said, earlier gas and condensate flaring tests were conducted, which indicated that condensate gas existed in this field area but there was rare possibility of discovery of oil.
However, the tests, which were conducted by Schulumberg Pakistan a few days back, have proved presence of both oil and gas in the well at Adhi field, in Tobra formations.
The sources claimed that the Well-16 will be commissioned and put into regular production soon after the development work being conducted at Adhi field.
The spud-in work at Well-16 at Adhi field commenced last year and the contract for drilling of this well in Kheora and Tobra formations was awarded to Greatwall Drilling Co (GDC), a Chinese exploration firm, which has already done similar work at Well-13, Well-14 and Well-15 at Adhi field.
These wells were found potential for oil and gas production and Well-13 was put into regular production in 2003, while Well-14 and Well-15 in 2004.
Contracts for drilling of these wells were awarded to GDC, which completed the three projects at a cost of Rs 750 million each.
Adhi field is located in the districts of Rawalpindi and Chakwal and is a joint venture between Pakistan Petroleum Limited (PPL), Oil & Gas Development Company Limited (OGDCL) and Pakistan Oilfields Limited (POL). With majority share holding, PPL is also the operator of the field.

Copyright Business Recorder, 2005

Comments

Comments are closed.