OGDC-led venture strikes gas, condensate in Tando Allah Yar, Sindh

News Image

MG News | December 08, 2023 at 09:38 AM GMT+05:00

0:00

December 08, 2023 (MLN): The Joint Venture of Dars West Development and Production Lease (D&PL) comprising Oil & Gas Development Company Limited (PSX: OGDC) as the operator (77.5 %) & GHPL (22.5 % carried) has discovered Gas & Condensate from its exploratory efforts into "C" Sands of Lower Goru Formation over Development Well Dars West 02, the company's filing on PSX revealed today.

The well mentioned above is located in the district of Tando Allah Yar, Sindh Province.

It is important to note that the structure of Dars West Well 02 was drilled and tested using OGDCL's in-house expertise. The well was drilled down to a depth of 2081 Meters.

Dars West Well has tested 8.51 million standard cubic feet per day (MMSCFD) gas, 360 barrels per day (BPD) condensate through choke size 32/64" at Well Head Flowing Pressure 1947 Pounds per Square Inch (PSI) from Lower Guru C-Sand (Exploratory Zone).

The discovery of Dars West Well 02 results from the aggressive exploration strategy adopted by the company.

It would add to the hydrocarbon reserves base of the OGDCL, joint venture partners and the country.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,180.94
423.57M
0.51%
796.43
ALLSHR 95,690.82
1,354.89M
0.59%
557.25
KSE30 47,714.39
199.12M
0.52%
247.40
KMI30 229,722.09
134.66M
0.91%
2076.87
KMIALLSHR 64,420.07
581.33M
0.83%
532.01
BKTi 41,969.52
122.61M
0.50%
207.74
OGTi 31,991.76
10.82M
1.18%
372.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,655.00 116,415.00
115,215.00
80.00
0.07%
BRENT CRUDE 67.40 67.68
67.01
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.15 93.50
93.15
0.30
0.32%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.32 63.55
62.89
0.02
0.03%
SUGAR #11 WORLD 16.05 16.10
15.85
0.05
0.31%

Chart of the Day


Latest News
September 16, 2025 at 04:13 PM GMT+05:00

PKR strengthens 0.85 paisa against USD


September 16, 2025 at 03:53 PM GMT+05:00

NICL's profit doubles to Rs2bn, declares 20% dividend


September 16, 2025 at 02:31 PM GMT+05:00

Pakistan BCI decreases by 2.1 points in September


September 16, 2025 at 01:07 PM GMT+05:00

Gold price in Pakistan hits record Rs391,000 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg