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

News Image

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 156,180.94
423.57M
0.51%
796.43
ALLSHR 95,690.82
1,354.89M
0.59%
557.25
KSE30 47,714.39
199.12M
0.52%
247.40
KMI30 229,722.09
134.66M
0.91%
2076.87
KMIALLSHR 64,420.07
581.33M
0.83%
532.01
BKTi 41,969.52
122.61M
0.50%
207.74
OGTi 31,991.76
10.82M
1.18%
372.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,450.00 116,415.00
114,960.00
-125.00
-0.11%
BRENT CRUDE 68.03 68.28
67.01
0.59
0.87%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.40 93.50
93.15
0.55
0.59%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.07 64.31
62.89
0.77
1.22%
SUGAR #11 WORLD 15.86 16.10
15.83
-0.14
-0.88%

Chart of the Day


Latest News
September 16, 2025 at 05:24 PM GMT+05:00

CDC onboards KTrade Securities to RAAST Aggregator Platform


September 16, 2025 at 04:49 PM GMT+05:00

Auto financing in Pakistan rises to Rs294bn in August


September 16, 2025 at 04:47 PM GMT+05:00

Pakistan, Iran vow to elevate regional economy



Top 5 things to watch in this week

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