OGDC announces discovery of hydrocarbon at Makori Well-2

News Image

MG News | August 23, 2019 at 04:49 PM GMT+05:00

0:00

August 23, 2019 (MLN): Oil and Gas Development Company (OGDC) has reported in an official notification today that hydrocarbons have been found in development well Makori Deep-02, which has been drilled and is currently under testing phase.

As a result of drill stem test (DST) conducted at the well to test the potential of Lockhart formation, the well has tested 1,844 barrels per day of oil and 18.25 MMscf of gas per day at 32/64 inches fixed choke size at the flowing wellhead pressure of 3,767 psi.

Production from the well is expected to begin in December, 2019.

It should be borne in mind that the actual production may differ significantly from the test results.

Related News

Name Price/Vol %Chg/NChg
KSE100 182,038.74
272.09M
-3.37%
-6341.64
ALLSHR 109,549.36
660.50M
-2.74%
-3083.22
KSE30 55,859.63
113.83M
-3.74%
-2172.57
KMI30 256,808.96
116.26M
-3.89%
-10388.91
KMIALLSHR 70,253.76
348.28M
-3.07%
-2222.37
BKTi 52,678.36
25.98M
-2.01%
-1078.95
OGTi 38,222.65
14.31M
-2.73%
-1073.25
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 88,040.00 89,385.00
87,585.00
-1040.00
-1.17%
BRENT CRUDE 69.72 69.73
68.61
1.32
1.93%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.35
-2.64%
ROTTERDAM COAL MONTHLY 98.50 0.00
0.00
-0.20
-0.20%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 64.55 64.56
63.28
1.34
2.12%
SUGAR #11 WORLD 14.69 14.73
14.67
-0.02
-0.14%

Chart of the Day


Latest News
January 29, 2026 at 12:41 PM GMT+05:00

Pakistan, DP World expand trade, logistics ties


January 29, 2026 at 11:54 AM GMT+05:00

Atlas Honda 9MFY26 profit rises 43%, EPS Rs122.73


January 29, 2026 at 11:49 AM GMT+05:00

Gwadar Port set to expand Pakistan, Africa trade


January 29, 2026 at 11:21 AM GMT+05:00

Siemens Engineering quarterly earnings tumble



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg