Pakistan Oilfields Limited discovers oil and gas reserves in upper Punjab

• Pakistan Oil Limited tested hydrocarbons from its Development Well Pindori-10 in Rawalpindi, Punjab.
• The well has tested 832 barrels per day of oil, 2.76 million cubic feet per day of gas.

Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company discovered oil and gas in upper Punjab, it was learned on Thursday.

“Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab,” stated the company in a notification to the Pakistan Stock Exchange (PSX).

The company informed that drilling of Pindori-10 was commenced on January 28, 2019, and achieved its target depth at 13,701 feet. As a result Drill Stem Test (DST) conducted at the well to test the Lockhart Formation.

After DST, the well has tested 832 barrels per day of oil, 2.76 million cubic feet per day of gas and 330 barrels per day of water. The company added that the testing of the well is still in progress.

POL has 35 percent working interest in Pindori D&P Lease while Oil and Gas Regulatory Authority (OGRA) and the Attock Oil Company Limited hold 50pc and 15pc share, respectively.

Back in January, OGDCL announced the discovery of gas and condensate at an exploratory well in Ranipur Block, in Sindh. The well has tested 1.85 million cubic feet per day of gas, six barrels per day of condensate.