OGDC discovers gas, condensate at Spinwam-1 well in North Waziristan

MG News | February 25, 2025 at 12:50 PM GMT+05:00

0:00

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	155,858.47 232.66M	0.00% 0.00
ALLSHR	93,385.82 435.77M	0.00% 0.00
KSE30	47,851.52 125.11M	0.00% 0.00
KMI30	223,719.08 107.59M	0.00% 0.00
KMIALLSHR	60,541.52 226.80M	0.00% 0.00
BKTi	45,022.52 54.66M	0.00% 0.00
OGTi	32,464.34 8.69M	0.00% 0.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,765.00	71,145.00 69,345.00	-1060.00 -1.50%
BRENT CRUDE	100.64	101.59 96.00	8.66 9.42%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.20 -9.31%
ROTTERDAM COAL MONTHLY	121.50	121.50 120.50	-0.35 -0.29%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.67	95.97 88.61	7.42 8.50%
SUGAR #11 WORLD	14.22	14.53 14.18	-0.16 -1.11%