February 02, 2021 (MLN): Oil and Gas Development Company Limited (OGDCL) as an operator (95%) and Government Holdings (Pvt) Limited (5%) have discovered gas & condensate from exploratory well Sial-1, which is located in district Hyderabad, Sindh Province.
As per the notice to PSX, the structure of Sial-1 was drilled and tested using OGDCL's in house expertise. The well was drilled down to the depth of 2442 Meters. Based on logs data, the well was tested at a rate of 1.146 million standard cubic feet per day (MMSCFD) of gas and 680 barrels per day (BPD) of condensate through 32/64″ choke at wellhead flowing pressure of —460 pound per square inch (Psi) from Lower Goru Formation.
The discovery of Sial-1 is the result of an aggressive exploration strategy adopted by the Company. It has opened a new avenue and would add to the hydrocarbon reserves base of OGDCL, its joint venture partners and of the country. It will also contribute to reducing the supply and demand gap of oil and gas in the country through the exploration and exploitation of indigenous resources.
