September 7, 2021 (MLN): Oil and Gas Development Company Limited (OGDCL), being the operator of Wali Exploration Licence with 100% Working Interest has made a Gas and Condensate discovery over Hangu Formation from its exploratory efforts at Wali #01 well which is located in FR Lakki, Khyber Pakhtunkhwa Province, Pakistan.
According to the notice issued to PSX, Wali # 01 well was spudded in on 2nd December 2019 as an exploratory well and drilled down to a total depth of 4727m (measured depth) inside the Kawagarh Formation.
Based on the good oil/gas shows during drilling, interpretation of open whole logs data, successful testing was carried out in Kawagarh Formation, which proved to be gas/ condensate discovery.
Now, Drill Stem Test (DST) # 02 has been performed in Hangu Formation. The well flowed at the rate of 11.361 Million Standard Cubic Feet per Day (MMSCFD) gas and 895 Barrels Per Day (BPD) condensate with Well Head Flowing Pressure (WHFP) of 2800 Pounds per Square Inch (PSI) at 32/64″ choke size.
It is highlighted that this gas/Condensate discovery has further extended the hydrocarbon play area on the southwestern part of the Bannu Basin.
OGDCL being the leading Exploration & Production Company in Pakistan has adopted an aggressive exploration strategy which has resulted in hydrocarbons discoveries. This discovery will add to the hydrocarbon reserves base of OGDCL and of the country. It will positively contribute to mitigating the energy demand and the supply gap from indigenous resources.
The company said that it will continue to strive for increasing shareholders' value through a robust exploration program.
