OGDCL discovers crude oil and gas in Khyber Pakhtunkhwa

September 17, 2019 (MLN): Oil and Gas Development Company (OGDC) has announced that the joint venture of Chanda D&PL has discovered crude oil and gas from its development Well 05, which is located in district Kohat, Khyber Pakhtunkhwa province.

The Joint Venture comprises of OGDCL as operator with 72% holding, Government Holdings (Private) Limited (GHPL) with 17.5% holding, and Zaver Petroleum Corporation (Prviate) Limited (ZPCL) with 10.5% holding. According to the official notice sent by the company, this is the first discovery of crude oil and gas from “Wargal Formation” in Chanda oil field.

The structure of Chanda well 05 was drilled and tested using OGDCL’s in house expertise. The well was drilled down to the depth of 5440 meters, and has been tested 76 BPD crude oil and 0.512 MMSCFD gas through choke size 32/64” at well head flowing pressure 89-149 Psi from Wargal formation.

“The discovery of Chanda well 05 is the result of aggressive exploration strategy adopted by the company. It has opened a new avenue in Khyber Pakhtunkhwa area for exploration of deeper prospects for other E&P companies operating in the area. This discovery of oil and gas at deeper prospects would certainly add to the hydrocarbon reserve base of OGDCL and of the country” the note by the company stated.

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