AVN 46.80 Decreased By ▼ -0.11 (-0.23%)
BAFL 28.51 Increased By ▲ 0.01 (0.04%)
BOP 3.69 Increased By ▲ 0.07 (1.93%)
CNERGY 3.12 Decreased By ▼ -0.02 (-0.64%)
DFML 10.80 Increased By ▲ 0.20 (1.89%)
DGKC 52.00 Increased By ▲ 1.04 (2.04%)
EPCL 42.69 Increased By ▲ 0.19 (0.45%)
FCCL 11.93 Increased By ▲ 0.07 (0.59%)
FFL 5.87 Decreased By ▼ -0.03 (-0.51%)
FLYNG 5.93 Increased By ▲ 0.09 (1.54%)
GGL 9.94 Increased By ▲ 0.02 (0.2%)
HUBC 68.20 Increased By ▲ 0.30 (0.44%)
HUMNL 5.55 Increased By ▲ 0.03 (0.54%)
KAPCO 21.99 Decreased By ▼ -0.10 (-0.45%)
KEL 1.78 Increased By ▲ 0.02 (1.14%)
LOTCHEM 27.20 Increased By ▲ 0.30 (1.12%)
MLCF 28.05 Increased By ▲ 0.20 (0.72%)
NETSOL 72.70 No Change ▼ 0.00 (0%)
OGDC 75.10 Decreased By ▼ -0.20 (-0.27%)
PAEL 9.19 Increased By ▲ 0.02 (0.22%)
PIBTL 4.16 Increased By ▲ 0.21 (5.32%)
PPL 57.90 Decreased By ▼ -0.20 (-0.34%)
PRL 14.13 Decreased By ▼ -0.14 (-0.98%)
SILK 1.12 Decreased By ▼ -0.02 (-1.75%)
SNGP 40.80 Increased By ▲ 0.13 (0.32%)
TELE 6.60 Decreased By ▼ -0.07 (-1.05%)
TPLP 11.76 Decreased By ▼ -0.02 (-0.17%)
TRG 93.40 Decreased By ▼ -0.40 (-0.43%)
UNITY 12.87 Decreased By ▼ -0.04 (-0.31%)
WTL 1.18 No Change ▼ 0.00 (0%)
BR100 4,128 Increased By 2.3 (0.06%)
BR30 13,993 Increased By 21.5 (0.15%)
KSE100 41,314 Increased By 47.4 (0.11%)
KSE30 14,662 Increased By 3.9 (0.03%)
Follow us

Barely three days after it conveyed the discovery of oil and gas reserves from its exploratory well in Sindh, Oil and Gas Development Company Limited (OGDCL) announced a similar development from its exploratory well located in Sanghar.

In a notice sent to the Pakistan Stock Exchange (PSX) on Thursday, the company, one of the largest oil and gas exploratory companies in the country, said that, “the Joint Venture of Sinjhoro Block comprising OGDCL as operator (76%), Orient Petroleum Inc. (19%) and Government Holdings (Private) Limited (GHPL) (5%) has discovered oil and gas from an exploratory well namely Kot Nawab-1 which is located in District Sanghar, Sindh Province”.

The oil and gas exploration company said Kot Nawab-1 was spudded-in on June 03, 2022 as an exploratory well by using OGDCL’s in-house expertise.

“The well was drilled down to 3,000 meters. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 125 barrels of oil per day (bopd) and 0.483 million standard cubic feet per day (mmscfd) gas and 400 barrels of water per day (bwpd) through choke size 28/64” at well head flowing pressure (whfp) of 150 pounds per square inch (psi),“ read the notice.

The said development is the eleventh discovery in Sinjhoro Block, said OGDCL, “which shows the commitment of Sinjhoro JV to exploit the hydrocarbon (HC) potential of the block and aggressive exploration strategy”.

“It has opened a new avenue and will positively contribute to mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and the country,” said the company.

The discovery comes as Pakistan faces an energy crunch, as its reserves continue to deplete, while the country struggles to obtain fuel cargoes.

Just days ago, OGDCL had announced the discovery of oil and gas from its development cum exploratory well namely Chak-5 Dim South-3, which is located in District Sanghar, Sindh.

Comments

1000 characters
Gul Muhammad Dec 26, 2022 09:26am
Allah make my Country prosperous and rich in all its natural resources. Give it unity to take it out of all crunch it is passing through. Ameen.
thumb_up Recommended (0) reply Reply

Within a week: OGDCL makes yet another oil & gas discovery in Sanghar, Sindh

IMF procrastination: MoS Aisha says there is no ‘Plan-B’

Intra-day update: rupee remains stable against US dollar

Serious negotiations can only be held with PM Shehbaz, Rana Sanaullah tells opposition

‘Hate mongers, perpetrators and their facilitators’ TV channels barred from carrying out coverage

Jul-Apr: FBR suffers Rs428bn shortfall

Russia, Iran: B2B barter trade comes into effect

KE, Oracle Power intent to relocate Thar coal-based plant

IMC team meets PM to showcase first locally-made Toyota Corolla Cross HEV

Debit, credit cards: ECAP suggests 10pc tax on shopping abroad

US averts first-ever default with 11th-hour debt deal