AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

KARACHI: As a result of the aggressive exploration strategy, the Oil and Gas Development Company Limited (OGDCL) has successfully discovered gas and condensate at Dars West Well#02, located in the Tando Allah Yar district of Sindh province.

The exploratory efforts at Dars West Well#02, part of the Dars West Development and Production Lease Joint Venture, were led by OGDCL as the operator with a 77.5 percent stake, and GHPL holding a 22.5 percent carried interest. The well, drilled to a depth of 2081 meters, penetrated the “C” Sands of the Lower Goru Formation, resulting in a major discovery.

Testing of the well revealed a production rate of 8.51 Million Standard Cubic Feet per Day (mmscfd) of gas and 360 barrels per day (BPD) of condensate. These impressive results were obtained through a choke size of 32/64” at a Well Head Flowing Pressure of 1947 Pounds per Square Inch (PSI) from the Lower Guru C-Sand in the exploratory zone.

Ahmed Hayat Lak, MD/CEO of OGDCL expressed his satisfaction with the outcome, stating, “This discovery underscores OGDCL’s commitment to pioneering exploration in pursuit of national energy security.

OGDCL remains steadfast in its commitment to leveraging innovative strategies and technical expertise for the benefit of our nation. This discovery not only strengthens our hydrocarbon reserves but also contributes to Pakistan’s energy security and economic prosperity.”

This successful endeavor is a testament to OGDCL’s commitment to an aggressive exploration strategy and its in-house expertise. The discovery at Dars West Well #02 not only enhances OGDCL’s hydrocarbon reserves but also contributes to the country’s overall energy resources.

Copyright Business Recorder, 2023

Comments

Comments are closed.