OGDC strikes gas in Rahim Yar Khan

MG News | August 13, 2024 at 03:11 PM GMT+05:00

0:00

August 13, 2024 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has discovered gas from its exploratory well, Chak 202-1, located in District Rahim Yar Khan, Punjab Province, the company's filing on PSX revealed today.

The company has the operator of Mari East Exploration License with 100% working interest.

Chak 202-1 was spudded on June 29, 2024, as an exploratory well, utilizing OGDCL's in-house expertise. The well reached a depth of 1956.50 meters.

Based on the results of wireline logs Interpretation, Drill Stem Test-1 (Barefoot) in the Sui Main Limestone (SML) has tested 6.15 million Standard Cubic Feet Per Day (MMSCFD) Gas through choke size 32/64" at Well Head Flowing Pressure (WHFP) of 1340 Pounds per Square Inch (psi).

This marks the second consecutive discovery in the Mari East Block, demonstrating the company's commitment to harnessing the hydrocarbon potential of the Block through its robust exploration strategy.

The discovery not only opens new avenues but also contributes significantly to bridging the energy demand-supply gap with indigenous resources, thereby enhancing the hydrocarbon reserves of OGDCL and the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,889.04 283.38M	0.32% 504.53
ALLSHR	95,517.36 873.30M	0.40% 383.79
KSE30	47,629.55 128.94M	0.34% 162.56
KMI30	228,952.19 100.30M	0.57% 1306.97
KMIALLSHR	64,251.20 429.82M	0.57% 363.14
BKTi	41,965.07 74.29M	0.49% 203.29
OGTi	31,785.00 6.87M	0.52% 165.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%