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 170,447.30
475.39M
-0.17%
-294.05
ALLSHR 102,982.88
1,173.30M
-0.19%
-193.32
KSE30 51,831.63
203.62M
-0.19%
-100.47
KMI30 244,113.60
135.80M
-0.60%
-1472.20
KMIALLSHR 67,176.62
604.35M
-0.53%
-355.23
BKTi 46,076.74
115.84M
0.89%
404.61
OGTi 33,962.36
11.67M
-1.09%
-374.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 86,555.00 86,725.00
85,365.00
570.00
0.66%
BRENT CRUDE 59.55 60.40
59.42
-1.01
-1.67%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.15
1.28%
ROTTERDAM COAL MONTHLY 95.75 0.00
0.00
-0.15
-0.16%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 55.81 56.70
55.69
-1.01
-1.78%
SUGAR #11 WORLD 15.00 15.02
14.86
0.05
0.33%

Chart of the Day


Latest News
December 16, 2025 at 03:05 PM GMT+05:00

PSO tops mutual funds’ equity bets


December 16, 2025 at 02:40 PM GMT+05:00

Jazz International to acquire TPL Insurance


December 16, 2025 at 02:23 PM GMT+05:00

Rohri Railway Station set for major modernization


December 16, 2025 at 01:41 PM GMT+05:00

Pakistan moves wheat policy toward market-based system


December 16, 2025 at 12:08 PM GMT+05:00

Gold price in Pakistan falls Rs4,000 per tola



Top 5 things to watch in this week

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