AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

Gas reserves have been discovered in Tolanj West-02, a development well in Tal block located in Kohat Plateau, Khyber Pakhtunkhwa, said Oil & Gas Development Company Limited (OGDCL) in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.

The Tal joint venture comprising MOL Pakistan (operator), OGDCL, Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL) and Government Holdings Private Limited (GHPL) discovered gas from the deeper Samanasuk and Shinawari formations of Tolanj West Development and Production Lease (D&PL) in the Tolanj West-2 development well, read the notice.

“The well was spudded-in on 10th April, 2022 to produce already discovered horizon of Tolanj West D&PL i.e. Lumshiwal Formation and to test the hydrocarbon potential of Lockhart & Shinawari & Samanasuk formations (as exploratory targets),” read the notice.

OGDCL said that the well was successfully drilled down to a depth of 4119.34 meters.

The development comes after POL also informed the bourse that hydrocarbon reserves have been discovered in Tolanj West-02.

Meanwhile, based on interpretation results of wireline logs data, “the deeper Samanasuk & Shinawari formations were tested successfully at a rate of around 2.25 million meter standard cubic feet per day (mmscfd) of gas through choke size 32/64" at Wellhead Flowing Pressure (WHFP) of 374 Pounds per square Inch (Psi).”

The notice added that the well testing operations are ongoing to evaluate the full potential of the well.

OGDCL said that the new discovery has de-risked an exploration play in deeper reservoirs over Tolanj West D&PL and in Tal block, leading to new upside opportunities.

“This discovery will also help and contribute towards improving the energy security of the country from indigenous resources and add to the hydrocarbon reserves base of MOL, its joint venture partners and the country,” it added.

Back in June, OGDCL announced the discovery of oil and gas reserves from its exploratory wells located in Sindh and Punjab.

The discoveries were made in Rajanpur, a tribal area in Punjab,, as well as district Tando Allah Yar, Sindh, announced the company then.

Comments

Comments are closed.

Dr Tahir Pervez Sep 01, 2022 10:24pm
What would be share of Pakistani??? All these foreigner companies give just minor share to Pakistan..
thumb_up Recommended (0)