POL apprises PSX regarding the tested hydrocarbons from its Development Well Pindori-10

MG News | December 18, 2020 at 03:27 PM GMT+05:00

0:00

December 18, 2020: Pakistan Oilfields Limited (POL), operator of Pindori D&P Lease, has apprised the Pakistan Stock Exchange regarding the tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab.

In a notification issued on Friday, the company said: ‘Due to significant production tested from Lockhart formation, the well was completed in Lockhart formation and the rig was released. However, subsequently water production from the Lockhart formation increased over time and the production of hydrocarbons reduced to 42 barrels of Oil per day and 00.79 MMscf of Gas per day.

A rig workover was started at Pindori-10 well on September 25, 2020 with the objectives to isolate Lockhart formation and to test the potential of shallower formations to enhance production from the field. During this workover, the potential of both Sakesar and Chorgali formations was tested and the following hydrocarbons were tested from the Chorgali formation;

Choke	OIL (Barrels per day)	Gas (Million Standard Cubic Feet per day)	Water (Barrels per day)	WHFP (PSI)
24/64"	1010	2.587	79	1524
20/64"	808	2.04	102	1587
16/64"	558	1.395	94	2131

‘Accordingly, it should be borne in mind that the actual production may differ from the test results’, the company added.

POL has a 35% working interest in Pindori D&P Lease while Oil and Gas Development Company Limited (OGDCL) and The Attock Oil Company Limited (AOC) hold 50% and 15% share respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,400.00	89,525.00 87,745.00	-1040.00 -1.15%
BRENT CRUDE	61.37	61.41 61.07	0.25 0.41%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	0.00 0.00	0.60 0.62%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.67	57.71 57.38	0.23 0.40%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%