June 22, 2022 (MLN): The Joint Venture of Nim Block Comprising Oil & Gas Development Company Limited (OGDCL) as Operator (95%) and Government Holdings (Private) Limited (GHPL) (5% carried) has discovered oil and gas from an exploratory well namely Nim East-1 located in District Tando Allah Yar, Sindh Province.
In a notice to Exchange, the operator (OGDCL) has informed that Nim East-1 was spudded in on 21st March 2022 as an exploratory well by using OGDCL's in-house expertise and in close collaboration with the GHPL team. The well was drilled down to 2573 m.
Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 1400 Barrels of Oil per Day (BOPD) and 5.02 million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64″ at Well Head Flowing Pressure (WHFP) of 1820 Pounds per Square Inch (psi).
The said discovery is the 11th discovery in Nim Block which shows the commitment of Nim Joint Venture Partners to exploit the hydrocarbon potential of the block besides reflection of aggressive exploration strategy.
Discovery will help in mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of joint venture entities and the country, operator said.
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