OGDC discovers oil, gas from exploratory well Chak-5 Dim South-3

MG News | December 19, 2022 at 12:59 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 19, 2022 (MLN): Oil & Gas Development Company Limited (OGDCL) has discovered oil and gas from a development cum exploratory well namely Chak-5 Dim South-3 which is located in District Sanghar, Sindh Province, the company filings on PSX showed today.

Chak-5 Dim South-3 was spudded in on June 26, 2022, as a development cum exploratory well by using OGDCL's in-house expertise.

The well was drilled down to 3400 m. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Massive Sand has tested 2000 Barrels of Oil per Day (BOPD) & 1.30 million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64" at Well Head Flowing Pressure (WHFP) of 994 Pounds per Square Inch (Psi), the company reported.

The said discovery shows the aggressive exploration strategy of OGDCL.

It has opened a new avenue and will positively contribute to mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,420.00	60,420.00 59,790.00	425.00 0.71%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	1.65 1.46%
ROTTERDAM COAL MONTHLY	126.25	0.00 0.00	0.15 0.12%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%