OGDC makes a discovery of gas reservoirs at Kaleri Shum-01 well in Rajanpur

News Image

MG News | June 22, 2022 at 09:50 AM GMT+05:00

0:00

June 22, 2022 (MLN): Oil and Gas Development Limited (PSX: OGDC) has made a Gas discovery at Kaleri Shum-01 well located in Rajanpur (Tribal area), Punjab Province, Pakistan, the company filing on PSX showed today.

OGDC is the operator of Kalchas Exploration License and a joint venture partner with Mari Petroleum Company Limited with the holdings of 50% in each.

Kaleri Shum-01 was spudded on December 31, 2021, to test the hydrocarbon potential of Pab, Fortmunro/ Mughalkot, and Parh formations.

The well was drilled down to a depth of 1907m. Based on the results of wireline logs interpretation, the operator has successfully conducted four DSTs in Parh, Fortmunro/ Mughalkot, Pab, and Ranikot formations.

During Drill Stem Test (DST)-1 in Parh & Fortmunro/Mughalkot formations, the well flowed at a rate of 1.24 million Standard Cubic Feet per Day (MMSCFD) Gas, through choke size 32/64" at Well Head Flowing Pressure (WHFP) of 220 Pounds per Square Inch (PSI). DST-2 into Fortmunro/Mughalkot Formations, the well tested 0.489MMSCFD Gas through choke size 32/64" at WHFP of 300PSI.

The well also tested 0.192 MMSCFD Gas from Pab Sandstone during DST-3 through choke size 32/64" at WHFP of 10-75PSI. DST-4 conducted Ranikot Formation, the well tested 0.16MMSCFD Gas through choke size 32/64" at WHFP of 100-130 PSI.

In another notice to the bourse, the company informed that the Joint Venture of Nim Block OGCL as an 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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 185,098.83
381.92M
2.01%
3642.50
ALLSHR 111,509.35
956.25M
2.13%
2327.02
KSE30 56,737.75
167.91M
2.00%
1112.07
KMI30 260,872.72
165.83M
2.57%
6529.72
KMIALLSHR 71,488.31
461.39M
2.50%
1744.73
BKTi 53,691.60
50.03M
1.27%
672.83
OGTi 38,672.45
45.54M
4.90%
1805.03
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 95,660.00 96,060.00
94,395.00
305.00
0.32%
BRENT CRUDE 64.20 64.77
63.44
0.44
0.69%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.95
-2.20%
ROTTERDAM COAL MONTHLY 97.90 98.10
97.70
0.55
0.57%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 59.22 60.05
58.81
0.14
0.24%
SUGAR #11 WORLD 14.99 15.00
14.60
0.42
2.88%

Chart of the Day


Latest News
January 18, 2026 at 03:06 PM GMT+05:00

Weekly Market Roundup


January 18, 2026 at 01:13 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


January 17, 2026 at 03:28 PM GMT+05:00

BML to close books for reduction of shares


January 17, 2026 at 02:20 PM GMT+05:00

SBP launches implementation of WE-Finance Code


January 16, 2026 at 07:03 PM GMT+05:00

Auto financing in Pakistan rises to Rs319bn in December



Top 5 things to watch in this week

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