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CPI Preview: Inflation to fall to around 17% YoY in April

OGDC strikes gas at Nur West in Sindh

OGDC profits drop 26% YoY to Rs47.8bn in Q1
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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.

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Posted on: 2024-04-08T09:47:00+05:00