BusinessOGDCL: New Gas Reserves Discovered in Sindh

OGDCL: New Gas Reserves Discovered in Sindh

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has discovered new gas reserves from an examining well located in Sindh’s Ghotki district.

“The joint venture (JV) of Guddu Block Comprising Oil & Gas Development Company Limited (OGDCL) as operator (70%), SPUD Energy PTY Limited (SEPL) (13.5%), IPR Transoil Corporation (IPRTOC) (11.5%) and Government Holdings (Private) Limited (GHPL) (5%) has discovered Gas from an Exploratory well namely Umair South East # 01, which is located in District Ghotki, Sindh,” the company stated.

OGDCL identified that the Umair South East # 01 well was spudded on May 9, 2022.

As a tentative well to test the hydrocarbon potential of Pirkoh Formation and Habib Rahi Limestone (HRL) to a deliberate depth of 785m into HRL.

“Based on the results of wireline logs interpretation, successful Drill Stem Test-1 in HRL has tested 1.063 million standard cubic feet per day (mmscfd) gas through choke size 32/64″ at Well Head Flowing Pressure (WHFP) of 210 Pounds per Square Inch (PSi).”

The oil and gas company has labelled the discovery of Umair South East-1 as result of a destructive exploration strategy adopted by Guddu Joint Venture Partners.

“It has opened a new avenue and will positively contribute in mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country,” it said.

NEW GAS RESERVES DISCOVERED IN SINDH

Related Stories

The government increased the prices of petroleum product

The government has increased the prices of petroleum products for the next 15 days, the new prices of petroleum...

Petrol Rs 7.54 and diesel Rs 9.84 likely to be expensive from July 1

The government is likely to increase the price of petrol by Rs 7.54 per liter and the price of...

State Bank reduced the interest rate after 4 years

The State Bank of Pakistan (SBP) has announced a reduction in interest rates after four years. The Monetary Policy...

Trending on DiariesPK