OGDC strikes gas at Nur West in Sindh

News Image

MG News | April 08, 2024 at 09:47 AM GMT+05:00

0:00

April 08, 2024 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) as operator (100%) of Nur Development & Production Lease (D&PL) has discovered gas at its exploratory Well Nur West # 01, located in district Sujawal, Sindh Province, the company's filing on PSX revealed today. 

It added that the structure of Nur West # 01 was drilled and tested using OGDC's in-house expertise to a depth of 2975 meters. 

It further informed that the well tested 1.24 million standard cubic feet per day (MMSCFD) of gas through a 32/64" choke at a wellhead flowing pressure of 150 pounds per square inch (PSI) from the Lower Goru Formation ('A' Sand). The discovery is being evaluated as Tight Gas.

"The discovery at Nur West #01, stemming from the company's diligent exploration strategy, paves the way for new avenues to augment the hydrocarbon reserve base of OGDC and the country," the notification reads. 

In furtherance of strategic direction, OGDCL has embarked on a fast-track implementation of its tight gas exploration program,  underlining its commitment to enhancing energy resources, it further noted.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,728.23
176.30M
-0.67%
-1166.05
ALLSHR 102,910.30
520.11M
-0.45%
-464.50
KSE30 51,670.03
67.45M
-0.86%
-450.07
KMI30 247,010.32
110.61M
-0.71%
-1757.30
KMIALLSHR 66,915.02
280.04M
-0.41%
-276.50
BKTi 47,405.87
21.06M
-1.12%
-534.71
OGTi 35,932.85
5.24M
-1.02%
-370.15
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 79,810.00 80,340.00
79,370.00
-535.00
-0.67%
BRENT CRUDE 100.98 102.92
99.62
0.92
0.92%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-2.50
-2.22%
ROTTERDAM COAL MONTHLY 106.55 106.60
105.45
1.80
1.72%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 95.35 98.64
94.15
0.54
0.57%
SUGAR #11 WORLD 14.64 14.65
14.54
0.10
0.69%

Chart of the Day


Latest News
May 08, 2026 at 12:52 PM GMT+05:00

LSE SPAC-I Limited to begin trading on PSX


May 08, 2026 at 11:51 AM GMT+05:00

Gold climbs amid easing inflation fears


May 08, 2026 at 11:17 AM GMT+05:00

PACE gets SECP nod to issue 140m shares


May 08, 2026 at 10:55 AM GMT+05:00

SCRA ends week above Rs27bn



Top 5 things to watch in this week

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