October 27, 2022 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) being the operator of Toot Mining Lease with 100% working interest has made an oil discovery from Lokhart Formation at Toot Deep-1 well which is located in Attock District, Punjab Province, the company filing on PSX showed.
Deep = 01 well was spudded in on December 25, 2020, and successfully drilled down to a total depth of 5545 Meters in Tobra Formation.
Based on interpretation results of open hole logs data, Lockhart Formation has successfully tested oil at the rate of 882 Barrels per day and 0.93 Million Standard Cubic Feet Per Day (MMSCFD) gas at Well Head Flowing Pressure (WHFP) of 600 Pounds per Square Inch (psi) at 32/64" choke size.
This oil discovery has further extended the hydrocarbon play area in the Pothohar basin.
OGDCL being the leading exploration and production company in Pakistan has adopted aggressive exploration strategies which have resulted in hydrocarbon discoveries.
This discovery will add to the hydrocarbon reserve base of OGDCL and contribute positively towards oil and natural gas production from indigenous resources of Pakistan.
