OGDC discovers gas, condensate at Spinwam-1 well in North Waziristan
MG News | February 25, 2025 at 12:50 PM GMT+05:00
February 25, 2025 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has discovered gas/condensate at the Spinwam-1 exploratory well, drilled in the Waziristan block, located in the North Waziristan District of Khyber Pakhtunkhwa Province.
The joint venture comprises OGDC (35% working interest), Mari Energies Limited, the operator (55%), and Orient Petroleum Inc. (10%).
The well was spudded in on May 28, 2024, and drilled down to a depth of 4,400m, the company's filing on PSX revealed today.
Initial pre-acid testing of the Samanasuk Formation has shown a flow of 12.96 million standard cubic feet per day (MMscfd) of gas and approx. 20 bbl/day of condensate at 32/64" choke and a wellhead flowing pressure of 2,127 psig.
Further testing is underway, including post-acid job and assessments in the existing formation and additional targeted formations, to fully evaluate the well's potential.
This discovery has opened a new play within the block.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,634.85 358.20M | 3.14% 5043.51 |
| ALLSHR | 98,685.95 821.24M | 2.83% 2713.21 |
| KSE30 | 49,987.10 219.75M | 3.14% 1522.98 |
| KMI30 | 239,687.25 160.14M | 3.17% 7355.26 |
| KMIALLSHR | 64,603.89 370.14M | 2.96% 1857.73 |
| BKTi | 45,444.60 99.83M | 2.84% 1252.93 |
| OGTi | 33,963.91 7.72M | 1.91% 636.78 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 74,345.00 | 74,500.00 74,300.00 | -55.00 -0.07% |
| BRENT CRUDE | 95.34 | 99.45 94.42 | -4.02 -4.05% |
| RICHARDS BAY COAL MONTHLY | 105.00 | 0.00 0.00 | 0.40 0.38% |
| ROTTERDAM COAL MONTHLY | 105.90 | 105.90 105.90 | 0.40 0.38% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.36 | 92.38 91.20 | 0.08 0.09% |
| SUGAR #11 WORLD | 13.93 | 13.95 13.56 | 0.25 1.83% |
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 |
|---|
Car Sales