BML 5.09 Increased By ▲ 0.08 (1.6%)
BOP 12.03 Increased By ▲ 0.16 (1.35%)
CNERGY 7.20 Increased By ▲ 0.04 (0.56%)
CPHL 88.90 Decreased By ▼ -0.39 (-0.44%)
DCL 14.15 Increased By ▲ 0.34 (2.46%)
DGKC 168.76 Increased By ▲ 2.76 (1.66%)
FCCL 46.40 Increased By ▲ 0.05 (0.11%)
FFL 15.87 Decreased By ▼ -0.11 (-0.69%)
GCIL 28.35 Decreased By ▼ -0.10 (-0.35%)
HUBC 143.11 Increased By ▲ 0.13 (0.09%)
KEL 5.16 Increased By ▲ 0.02 (0.39%)
KOSM 6.33 Increased By ▲ 0.04 (0.64%)
LOTCHEM 21.67 Increased By ▲ 0.74 (3.54%)
MLCF 85.60 Increased By ▲ 0.97 (1.15%)
NBP 122.50 Increased By ▲ 2.23 (1.85%)
PAEL 43.35 Increased By ▲ 0.05 (0.12%)
PIAHCLA 21.35 Increased By ▲ 0.20 (0.95%)
PIBTL 8.88 Increased By ▲ 0.25 (2.9%)
POWER 13.98 Decreased By ▼ -0.03 (-0.21%)
PPL 173.10 Decreased By ▼ -0.40 (-0.23%)
PREMA 44.10 Decreased By ▼ -0.81 (-1.8%)
PRL 33.60 Increased By ▲ 0.43 (1.3%)
PTC 25.77 Increased By ▲ 1.76 (7.33%)
SNGP 122.27 Increased By ▲ 1.18 (0.97%)
SSGC 46.71 Increased By ▲ 0.76 (1.65%)
TELE 8.51 Increased By ▲ 0.46 (5.71%)
TPLP 10.72 Increased By ▲ 1.00 (10.29%)
TREET 23.97 Decreased By ▼ -0.32 (-1.32%)
TRG 58.20 Decreased By ▼ -0.23 (-0.39%)
WTL 1.61 Increased By ▲ 0.06 (3.87%)
BR100 13,609 Increased By 62.2 (0.46%)
BR30 39,995 Increased By 252.7 (0.64%)
KSE100 133,982 Increased By 611.7 (0.46%)
KSE30 40,828 Increased By 122.4 (0.3%)

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License area in Khairpur district of Sindh.

The well is operated by OGDCL with a 95% working interest, in a joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% stake.

Spud on December 31, 2024, as an exploratory well, the Faakir-1 well was drilled to a total depth of 4,185 meters in the Sembar Formation. The drilling operation was executed using OGDCL’s in-house expertise in close collaboration with the Joint Venture Partner.

Following the analysis of wireline log results, two Drill Stem Tests (DSTs) were conducted in the Lower Goru Formation, targeting the Massive Sand and Basal Sand intervals.

The cumulative test results indicated the production of 6.4 million standard cubic feet of gas per day (MMSCFD) and 55 barrels per day (BPD) of condensate through a 32/64” choke.

This discovery marks a significant milestone in the Bitrisim Exploration Licence, highlighting the potential of the Lower Goru Formation (Basal and Massive Sands). The discovery significantly enhances the block’s commercial viability and extends the licence’s productive life.

Copyright Business Recorder, 2025

Comments

Comments are closed.