ANL 27.50 Decreased By ▼ -0.39 (-1.4%)
ASC 17.01 Decreased By ▼ -0.19 (-1.1%)
ASL 23.90 Decreased By ▼ -0.10 (-0.42%)
AVN 93.69 Increased By ▲ 1.49 (1.62%)
BOP 9.51 Decreased By ▼ -0.16 (-1.65%)
BYCO 9.75 Increased By ▲ 0.05 (0.52%)
DGKC 110.25 Decreased By ▼ -0.75 (-0.68%)
EPCL 47.79 Decreased By ▼ -0.23 (-0.48%)
FCCL 21.27 Decreased By ▼ -0.13 (-0.61%)
FFBL 27.41 Decreased By ▼ -0.46 (-1.65%)
FFL 18.80 Decreased By ▼ -0.20 (-1.05%)
HASCOL 14.56 Decreased By ▼ -0.06 (-0.41%)
HUBC 86.67 Increased By ▲ 2.65 (3.15%)
HUMNL 7.33 Increased By ▲ 0.26 (3.68%)
JSCL 30.94 Increased By ▲ 0.44 (1.44%)
KAPCO 41.05 Increased By ▲ 0.67 (1.66%)
KEL 4.10 Decreased By ▼ -0.01 (-0.24%)
LOTCHEM 16.25 Increased By ▲ 0.35 (2.2%)
MLCF 43.02 Decreased By ▼ -0.09 (-0.21%)
PAEL 39.90 Decreased By ▼ -0.16 (-0.4%)
PIBTL 12.61 Decreased By ▼ -0.08 (-0.63%)
POWER 11.39 Increased By ▲ 0.14 (1.24%)
PPL 94.00 Decreased By ▼ -1.80 (-1.88%)
PRL 23.99 Decreased By ▼ -0.74 (-2.99%)
PTC 9.50 Decreased By ▼ -0.14 (-1.45%)
SILK 1.26 Increased By ▲ 0.04 (3.28%)
SNGP 45.00 Decreased By ▼ -0.83 (-1.81%)
TRG 106.45 Increased By ▲ 0.60 (0.57%)
UNITY 34.18 Increased By ▲ 2.28 (7.15%)
WTL 1.13 Decreased By ▼ -0.02 (-1.74%)
BR100 4,833 Decreased By ▼ -22.35 (-0.46%)
BR30 24,693 Decreased By ▼ -86.65 (-0.35%)
KSE100 45,677 Decreased By ▼ -226.29 (-0.49%)
KSE30 19,026 Decreased By ▼ -127.11 (-0.66%)
Business & Finance

Hydrocarbon reserves discovered in Kohat

  • The well has tested 3,240 barrels per day of condensate, 16.12 MMscf per day of gas, and 48 barrels per day of water.
Updated 17 Jul 2020

Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company has discovered oil and gas reserves in Kohat region, Khyber Pakhtunkhwa, it was learned on Tuesday.

"As per the information received from MOL, the operator of TAL Block, hydrocarbons have been encountered in exploratory well Mamikhel South-01, which has been drilled and is currently under testing phase,” informed POL, in its filing to the bourse.

As a result Drill Stem Test (DST) conducted at the well to test the Lockhart and Hangu formations, the well has tested 3,240 barrels per day of condensate, 16.12 MMscf per day of gas and 48 barrels per day of water.

The pre-commerciality working interest of POL is 25 percent.

The discovery is the result of an aggressive exploration strategy adopted by the joint venture partners and it has de-risked the exploration play in the deeper reservoir in the Block, leading to new upside opportunities, said Pakistan Petroleum Limited (PPL). The discovery will contribute in improving the energy security of the country from indigenous resources and it will also increase the hydrocarbon reserves of the joint venture partners and the country.

Back in March, POL has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab. Meanwhile, 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.