OGDC strikes major gas discovery in Sindh

MG News | September 25, 2024 at 09:42 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 25, 2024 (MLN): In a major boost to Pakistan's energy sector, the Sawan South Joint Venture has discovered a promising gas reserve in the Akhiro-1 well, located in District Khairpur, Sindh Province, Oil and Gas Development Company Limited (PSX: OGDC)'s filing on PSX revealed today.

Sawan South Joint Venture comprised of United Energy Pakistan Limited (UEPL) as operator, also includes Oil and Gas Development Company Limited (OGDCL) with a 20% working interest, Government Holding Private Limited (GHPL) at 2.5%, and Sindh Energy Holding Limited (SEHL) with 2.5%.

The well was spudded in on June 15, 2024 and has been successfully drilled down to the depth of 12,442 ft MD. The well was tested successfully at the rate of around 10 Million Standard Cubic Feet per Day (MMSCFD) gas at choke size 24/64" at Wellhead Flowing Pressure (WHFP) of 4000 Pounds per Square Inch (Psig).

This discovery has de-risked further exploration play in Sawan South Block.

It will also help and contribute towards improving the energy security of the country from indigenous resources and add to the hydrocarbon reserves base.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,846.68 370.24M	-0.81% -1463.60
ALLSHR	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
KMI30	253,007.72 126.35M	-1.06% -2717.47
KMIALLSHR	69,727.55 549.62M	-0.70% -488.73
BKTi	52,178.22 35.92M	-0.12% -62.01
OGTi	35,518.90 13.54M	-0.77% -274.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,800.00	63,810.00 63,760.00	200.00 0.31%
BRENT CRUDE	89.25	90.03 86.60	1.53 1.74%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	83.23	84.61 81.27	1.10 1.34%
SUGAR #11 WORLD	16.74	16.75 16.33	0.27 1.64%