AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)
Pakistan

Pakistan Oilfields Limited discovers oil and gas reserves in upper Punjab

Pakistan Oil Limited tested hydrocarbons from its Development Well Pindori-10 in Rawalpindi, Punjab. The well
Published March 5, 2020
  • Pakistan Oil Limited tested hydrocarbons from its Development Well Pindori-10 in Rawalpindi, Punjab.
  • The well has tested 832 barrels per day of oil, 2.76 million cubic feet per day of gas.

Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company discovered oil and gas in upper Punjab, it was learned on Thursday.

“Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab,” stated the company in a notification to the Pakistan Stock Exchange (PSX).

The company informed that drilling of Pindori-10 was commenced on January 28, 2019, and achieved its target depth at 13,701 feet. As a result Drill Stem Test (DST) conducted at the well to test the Lockhart Formation.

After DST, the well has tested 832 barrels per day of oil, 2.76 million cubic feet per day of gas and 330 barrels per day of water. The company added that the testing of the well is still in progress.

POL has 35 percent working interest in Pindori D&P Lease while Oil and Gas Regulatory Authority (OGRA) and the Attock Oil Company Limited hold 50pc and 15pc share, respectively.

Back in January, OGDCL announced the discovery of gas and condensate at an exploratory well in Ranipur Block, in Sindh. The well has tested 1.85 million cubic feet per day of gas, six barrels per day of condensate.

Comments

Comments are closed.