OGDCL commences hydrocarbon production at Spinwam-1
- Says well was completed in Lockhart reservoir
Oil and Gas Development Company Limited (OGDCL) announced on Wednesday the commencement of gas and condensate production from Spinwam-1 discovery located in Waziristan Block in Khyber Pakhtunkhwa under the Extended Well Testing (EWT) phase.
The inauguration ceremony, held at the Mari Energies Head Office, was graced by Federal Minister for Petroleum, Mr. Ali Pervaiz Malik.
Managing Director & CEO of Mari Energies Faheem Haider also attended the ceremony.
Meanwhile, OGDCL, one of the country’s largest E&P companies, disclosed via a notice to the Pakistan Stock Exchange (PSX) that the well was completed in Lockhart reservoir.
It said that the current gas production rate from the well was ~40 MMscfd, and ~ 200 BBL/D of condensate.
It added that with the induction of this gas, the early production facilities established at Shewa will be operated at full capacity, with total production from both Shewa and Spinwam wells will be around 100 MMscfd gas and ~800 BBL/D of condensate.
READ MORE: OGDCL makes significant oil and gas discovery in Khyber Pakhtunkhwa
“The joint venture comprises Oil & Gas Development Company Limited (35% working interest), Mari Energies Limited (the Operator of Waziristan Block) (55%), and Orient Petroleum Inc. (10%) working interest, respectively,” the bourse was informed.
Last month, OGDCL discovered further oil and gas reserves at its Baragzai X-01 (Slant) exploratory well in Kohat, Khyber Pakhtunkhwa.
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