OGDC announces discovery of oil and gas from its exploratory well in Sindh

MG News | July 24, 2019 at 03:54 PM GMT+05:00

0:00

July 24, 2019 (MLN): Oil and Gas Development Company Limited has announced the discovery of oil and gas from its exploratory well Pandhi # 01, which is located in District Sagnhar, Sindh Province.

The project is a joint venture of Bitrism Block, comprising of OGDC as operator (95%) and Government Holdings Pvt. Limited (5% carried).

The structure of Pandhi # 01 was delineated, drilled and tested using OGDCL’s in house expertise. Moreover, the well was drilled down to the depth of 3600 meters.

The well has tested 9.12 mmscfd of gas and 520 barrels per day of oil through choke at Wellhead flowing pressure of 840 pounds per square inch (Psi) from Lower Goru (Basal Sand) Formation.

The discovery of Pandhi # 01 is the result of aggressive exploration strategy adopted by the company in pursuance of the Government’s directive to explore and produce local oil and gas. It would add to the hydrocarbon reserves of OGDCL and the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%