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Markets OGDC (Oil & Gas Development Company Limited) 104.00 Decreased By ▼ -4.16%

OGDCL discovers oil and gas reserves in Kohat

  • As per details, ODGCL, Mari Petroleum Company Limited, and Saif Energy Limited has made a gas and condensate discovery from its exploratory efforts at Togh Bala Well No. 01.
25 Aug 2020

Oil and Gas Development Company Limited (OGDCL) has discovered new oil and gas reserves in Kohat district of Khyber Pakhtunkhwa.

As per details, ODGCL, Mari Petroleum Company Limited, and Saif Energy Limited has made a gas and condensate discovery from its exploratory efforts at Togh Bala Well No. 01.

According to preliminary results, OGDCL has obtained 9 MMSCFD gas and 125 Barrels Per Day (BPD) of condensate from Togh Bala Well No. 01, while OGDCL has discovered oil and gas in Kohat Block, Khyber Pakhtunkhwa.

The success of Togh Bala Well No. 01 has come about as a result of a brilliant exploration strategy. This new discovery will lead to significant savings in foreign exchange while increasing OGDCL's oil and gas reserves.

It is pertinent to inform that this is the second consecutive discovery in Kohat Block. “The discovery at Togh Bala Well No. 01 is the result of an aggressive exploratory strategy adopted by Kohat JV,” said the company.

Back in July, Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company discovered oil and gas reserves in Kohat region. Hydrocarbons have been encountered in exploratory well Mamikhel South-01.