OGDC announces discovery of hydrocarbon at Makori Well-2

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

Add Mettisglobal as a Trusted Source on Google

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	176,591.77 358.03M	-0.14% -254.59
ALLSHR	107,122.44 652.77M	-0.14% -150.29
KSE30	52,467.41 68.87M	0.06% 29.18
KMI30	249,569.23 79.35M	0.31% 774.71
KMIALLSHR	68,868.73 462.76M	0.10% 66.30
BKTi	50,136.36 13.91M	-0.44% -224.05
OGTi	35,895.08 18.61M	1.14% 404.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,890.00	75,865.00 72,670.00	2100.00 2.89%
BRENT CRUDE	93.78	94.00 93.08	0.00 0.00%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	0.25 0.23%
ROTTERDAM COAL MONTHLY	124.00	124.50 123.35	1.00 0.81%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.72	86.94 86.06	-0.11 -0.13%
SUGAR #11 WORLD	17.50	18.26 17.44	-0.05 -0.28%