September 28, 2021 (MLN): Oil and Gas Development Company Limited (OGDCL), being the operator of Wali Exploration Licence with 100% Working Interest has successfully tested gas and condensate in Lockhart Limestone at Wali-1 well which is located in FR Lakki, Khyber Pakhtunkhwa Province, Pakistan.
As per the notice issued to Exchange, the Wali-01 well was spudded in on 2nd December 2019 as an exploratory well and drilled down to a total depth of 4727 meters into Kawagarh Formation.
Earlier, at said Well, successful testing was carried out in Kawargarh and Hungu Formation, which proved to be gas and condensate discovery. Now third prospective zone, Lockhart Limestone, in the Wali-1 has also been tested at the rate of 13.695 Million Standard Cubic Feet Per Day (MMSCFD) gas and 1010 Barrels per Day Condensate (BPD) at Choke size 32/64″ at Well Head Flowing Pressure of 3050 Psig.
This confirmation of the presence of hydrocarbon in the deeper reservoirs has further extended the hydrocarbon play area on the southwestern part of Bannu Basin and de-risked the exploration. It will positively contribute to mitigating the energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country.
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