AGL 38.70 Increased By ▲ 0.20 (0.52%)
AIRLINK 137.88 Increased By ▲ 0.99 (0.72%)
BOP 5.43 Increased By ▲ 0.03 (0.56%)
CNERGY 3.78 No Change ▼ 0.00 (0%)
DCL 7.74 Decreased By ▼ -0.14 (-1.78%)
DFML 45.62 Decreased By ▼ -0.18 (-0.39%)
DGKC 80.50 Increased By ▲ 0.15 (0.19%)
FCCL 29.55 Increased By ▲ 0.65 (2.25%)
FFBL 55.80 Decreased By ▼ -1.20 (-2.11%)
FFL 9.09 Decreased By ▼ -0.34 (-3.61%)
HUBC 105.60 Increased By ▲ 1.86 (1.79%)
HUMNL 14.05 Increased By ▲ 0.08 (0.57%)
KEL 4.30 Increased By ▲ 0.58 (15.59%)
KOSM 8.23 Decreased By ▼ -0.01 (-0.12%)
MLCF 37.98 Increased By ▲ 0.58 (1.55%)
NBP 69.23 Increased By ▲ 0.83 (1.21%)
OGDC 167.00 Increased By ▲ 0.40 (0.24%)
PAEL 25.20 Increased By ▲ 0.19 (0.76%)
PIBTL 6.78 Decreased By ▼ -0.27 (-3.83%)
PPL 130.35 Increased By ▲ 0.99 (0.77%)
PRL 23.76 Increased By ▲ 0.09 (0.38%)
PTC 15.70 Decreased By ▼ -0.15 (-0.95%)
SEARL 61.48 Increased By ▲ 0.68 (1.12%)
TELE 7.04 Increased By ▲ 0.03 (0.43%)
TOMCL 36.10 Increased By ▲ 0.21 (0.59%)
TPLP 7.81 Decreased By ▼ -0.05 (-0.64%)
TREET 15.15 Increased By ▲ 0.09 (0.6%)
TRG 44.89 Decreased By ▼ -0.01 (-0.02%)
UNITY 25.51 Increased By ▲ 0.11 (0.43%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,229 Increased By 28.2 (0.31%)
BR30 27,790 Increased By 229.9 (0.83%)
KSE100 86,467 Increased By 409.1 (0.48%)
KSE30 27,163 Increased By 118.7 (0.44%)

KARACHI: The Oil and Gas Development Company Limited (OGDCL), as operator (100 percent) of Nur Development and Production Lease (D&PL) has discovered gas at its exploratory Well Nur West#01, located at District Sujawal, Sindh province.

The structure of Nur West#01, was drilled and tested using OGDCL’s in-house expertise to a depth of 2975 meters. The well tested 1.24 million standard cubic feet per day (mmscfd) of gas through a 32/64 inches choke at a wellhead flowing pressure of 150 pound per square inch (PSI) from the Lower Goru Formation (‘A’ Sand). The discovery is being evaluated as Tight Gas, material information sent to Pakistan Stock Exchange on Monday said.

The discovery at Nur West#01, stemming from the company’s diligent exploration strategy, paves the way for new avenues that will contribute to augmenting the hydrocarbon reserve based of OGDCL and the Country, it added.

“In furtherance of strategic direction, the OGDCL has embarked on a fast-track implementation of its tight gas exploration programme, underlining its commitment to enhancing energy resources.”

Copyright Business Recorder, 2024

Comments

Comments are closed.