As a good news Oil and Gas Development Company Limited (OGDCL) announced that more reserves of oil and gas have been discovered in Sanghar. According to the OGDCL spokesperson said that the new reserves of oil and gas found near Pandhi Well one as initial analysis suggested 9.12 million standard cubic feet gas will be explored.
The spokesperson further explained that the 520 barrel oil per day will be drilled out from the well. OGDCL has apprised the Karachi Stock Exchange over the development.
“The joint venture of Bitrism Block comprising of Oil and Gas Development Company Limited (OGDCL) as operator (95 percent) and Government Holdings (Pvt) Limited (5 Percent carried) has discovered oil and gas from its exploratory well Pandhi # 01, which is located in district Sanghar, Sindh province.”
“The structure of Pandhi # 01 was delineated, drilled and tested using OGDCL’s in house expertise. The well was drilled down to the depth of 3600 meters. The well has tested 9.12 Million Standard Cubic Feet per Day (MMSCFD) of gas and 520 barrels per day of oil through choke at Wellhead flowing pressure of 840 Pounds per square inch (Psi) from Lower Goru (Basal Sand) Formation,” reads a statement.
Earlier in May, the Oil and Gas Development Company Ltd (OGDCL) discovered gas and condensate oil in Tando Muhammad Khan district of Sindh.
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17 November, 2019