Gas discovered in Rahim Yar Khan: OGDCL
MG News | September 19, 2023 at 09:36 AM GMT+05:00
September 19, 2023 (MLN): Oil and Gas Development Company Limited(OGDCL), being the operator of Mari East Block (100%), has discovered gas at the Chak 214-1 exploratory well situated in the District Rahim Yar Khan, Punjab Province, the company's filing on PSX revealed today.
Chak 214-1 well was spudded on 29th June 2023, utilizing OGDCL's in-house expertise. The well reached a depth of 1851 meters.
Based on wireline log interpretations, Drill Stem Test-1 conducted in the Dunghan Formation demonstrated a yield of 1.1 million Standard Cubic Feet per Day (MMSCFD) of gas with a choke size of 32/64" and a Well Head Flowing Pressure (WHFP) of 230 Pounds per Square Inch (PSI).
Furthermore, Drill Stem Test-2 in the Sui Main Limestone (SML) yielded 1.31 MMSCFD of gas at the same choke size and a WHFP of 260 PSI.
This discovery marks the first in the Mari East Block and is a testament to the Company's commitment to harnessing the hydrocarbon potential of the Block through aggressive exploration strategies.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,571.27 436.67M | 1.06% 1878.35 |
| ALLSHR | 108,600.94 844.23M | 1.00% 1073.54 |
| KSE30 | 53,548.42 162.02M | 0.99% 525.53 |
| KMI30 | 256,725.70 154.74M | 0.76% 1936.43 |
| KMIALLSHR | 70,620.69 563.61M | 0.98% 683.55 |
| BKTi | 48,625.03 36.31M | 1.37% 658.39 |
| OGTi | 37,179.52 8.29M | 0.94% 345.85 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,420.00 | 60,420.00 59,790.00 | 425.00 0.71% |
| BRENT CRUDE | 73.08 | 75.13 71.38 | -2.18 -2.90% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 1.65 1.46% |
| ROTTERDAM COAL MONTHLY | 126.25 | 0.00 0.00 | 0.15 0.12% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.24 | 71.86 68.56 | -1.68 -2.34% |
| SUGAR #11 WORLD | 14.55 | 14.68 14.02 | 0.45 3.19% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Monetary Aggregates (M3) - Monthly Profile