OGDCL makes discovery of gas in KPK Province
Oil and Gas Development Company Limited (OGDCL), the country’s largest oil and gas explorer, has made a discovery of gas and condensate reservoirs in Khyber Pakhtunkhwa Province’s Wali Block (Kawagarh Formation).
This is a one-of-a-kind of gas discovery OGDCL has made in order to contribute to the country’s energy security.
The Wali Exploration Licence has been operated by Oil & Gas Development Company Limited (OGDCL) with a 100% working interest.
It discovered gas and condensate in the Kawagarh Formation during exploration efforts at Well Wali # 01 in FR Lakki, Khyber Pakhtunkhwa Province.
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The aforementioned discovery is noteworthy considering it is the company’s first discovery in Pakistan’s Kawagarh Formation.
It will open up new possibilities for exploration, giving a boost to Pakistan’s exploratory efforts.
The company has dug the structure of Well Wali # 01 and tested using OGDCL’s in-house expertise.
It drilled a well in the Kawagarh formation to a depth of 4727 meters.
The company conducted a Drill Stem Test (DST) in the Kawagarh Formation of Late Cretaceous age based on good oil/gas showing during drilling, interpretation of open-hole logs data, i.e. existence of cracks in limestone-based on image logs data.
The company has tested well with 11.8 MMSCFD of gas and 945 BPD of condensate, with a wellhead flowing pressure of 3000 Psi and a choke size of 32/64”.
The Company’s aggressive exploration strategy resulted in the finding of well Wali # 01.
OGDCL is a pioneer in making historic hydrocarbon discoveries in Khyber Pakhtunkhwa, such as it discovered the Canda Oil Field earlier.
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Similarly, it has discovered oil and gas in Pakistan’s Kawagarh Formation (Kohat Basin), maintaining its record. The discovery will increase OGDCL’s hydrocarbon reserves, as well as increase hydrocarbon supply, and alleviate our country’s energy crisis.
OGDCL has been a major contributor of oil and gas to the national grid in the country. It is a leading company in oil and gas exploration activities in Pakistan. However, its share in the stock market is at a low level since the government of PTI announced to divest its shares on the stock market.
