Major gas discovery at Razgir-1 Well in Kohat District

August 06, 2024 (MLN): A significant gas condensate discovery was made from the Kawagarh-1 Formation at the Razgir-1 Exploratory well in Kohat District, Oil & Gas Development Company Limited (OGDCL) and Pakistan Oilfields Limited (POL)'s filings on PSX revealed today. 

This breakthrough was achieved by the TAL Joint Venture, comprising OGDCL with a 30% working interest, MOL Pakistan Oil & Gas Co. B.V. (the Operator) at 10%, Pakistan Petroleum Limited (PPL) also at 30%, POL at 25%, and Government Holdings Private Limited (GHPL) with a 5% stake.

The well was spudded in on January 09, 2024, and has been successfully drilled down to 3773.98m TVD.

Based on interpretation results of wireline logs data, Kawagarh-1 Formation (Exploratory Target) was tested successfully at a rate of around 16.4 Million Standard Cubic Feet per Day (MMSCFD) gas and 159 Barrels per Day (BPD) of Condensate at choke size 40/64" at Wellhead Flowing Pressure (WHFP) of 1874 Pounds per Square Inch (Psi).

This discovery has de-risked further exploration play in TAL Block, leading to new upside opportunities.

The said discovery will help to enhance the indigenous hydrocarbon supply of the Country and also add to the hydrocarbon reserves base.

Copyright Mettis Link News