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.