OGDC discovers gas and condensate at Tough well # 1

News Image

By MG News | August 27, 2019 at 12:39 PM GMT+05:00

0:00

August 27, 2019 (MLN): The joint venture of Kohat E.L comprising Oil and Gas Development Company Limited as operator (50%), Mari Petroleum Company Limited (33.33%) and Saif Energy Limited (16.67%) has discovered gas and condensate from its exploratory efforts at Well Tough-01, which is located in district Kohat, Khyber Pakhtunkhwa Province.                            

Togh Well # 01 was drilled and tested using OGDCL's in house expertise in consultation with Kohat Joint Ventures MPCL and Saif Energy. The well was drilled down to the depth of 3200 meters. The well was tested at the rate of 12.7 Million Standard Cubic Feet per Day (MMSCFD) gas, 240 BPD condensate through choke size 32/64" at Well head flowing pressure (WHFP) 2478 Pounds per Square Inch (Psi) from Lumshiwal formation.                               

As per the notice released by OGDC, the discovery of Togh Well # 01 is the result of aggressive exploration strategy adopted by Kohat the Joint Venture. It has opened a new avenue and would add to the hydrocarbon reserves base of the OGDC, Joint venture partners and of the country.              

Copyright Mettis Link News

                               

Related News

Name Price/Vol %Chg/NChg
KSE100 132,610.82
94.14M
-0.59%
-792.37
ALLSHR 82,950.30
516.69M
-0.29%
-237.75
KSE30 40,356.96
34.01M
-0.72%
-294.49
KMI30 190,834.19
38.30M
-0.65%
-1249.73
KMIALLSHR 55,690.63
265.70M
-0.28%
-157.07
BKTi 36,192.40
5.97M
-0.63%
-230.48
OGTi 28,236.97
7.11M
-0.71%
-200.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,250.00 109,545.00
108,625.00
35.00
0.03%
BRENT CRUDE 70.05 70.10
69.85
-0.10
-0.14%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.22 68.27
67.78
-0.11
-0.16%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News

Top 5 things to watch in this week

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