Sunday, July 14, 2024

OGDCL Discovers Oil and Gas Reserves in Sindh’s Sanghar

Recently, OGDCL (Oil and Gas Development Company Ltd) confirmed the investors that it had discovered oil and gas in an investigative well known Chak-5 Dim South-3 in Sindh’s Sanghar district.

However in a regulatory index, the firm stated on 26 June the drilling operations at the exploratory well had begun using OGDCL’s in-house expertise.

3,400 metres of depth the well was drilled down.

“Based on the results of wireline logs interpretation, Drill Stem Test-1 in the massive sand has tested 2000 barrels of oil per day (bpd) & 1.30 million standard cubic feet per day (mmscfd) gas through choke size 32/64 inches at wellhead flowing pressure (whfp) of 994 pounds per square inch (Psi),” it stated in the filing.

The OGDCL has 100% stake in the well as operator, as per the filing.

The company said the discovery had opened a “new avenue and will positively contribute to mitigating energy demand and supply gaps from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and the country”.

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