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Oil reserves in Punjab are discovered by OGDCL

Oil reserves in Punjab are discovered by OGDCL

Oil reserves in Punjab are discovered by OGDCL

Oil reserves in Punjab are discovered by OGDCL

The largest oil and gas exploration company in Pakistan, Oil and Gas Development Company Limited (OGDCL), reported on Thursday that an exploratory well it had drilled in Punjab had found oil deposits.

The business said that OGDCL “being operator of Toot Mining Lease with 100% working interest has made oil finding from Lokhart Formation at Toot Deep-I well which is located in Attock District, Punjab Province, Pakistan,” in a notice sent to the Pakistan Stock Exchange (PSX).

According to OGDCL, the Toot Deep # 01 well was successfully drilled to a total depth of 5,545 metres in the Tobra Formation after being spudded in on December 25, 2020.

The notice stated that the Lockhart Formation had successfully tested oil at a rate of 882 barrels per day (bpd) and gas at a rate of 0.93 million standard cubic feet per day (mmscfd) at a well head flowing pressure (WHFP) of 600 pounds per square inch (psi) at 32/64″ choke size. This conclusion was based on the results of the interpretation of open hole logs data.

Oil and gas reserves are found by OGDCL in Sindh and Punjab.

The Potohar basin’s hydrocarbon play area has been further expanded, according to OGDCL, which also noted that it has implemented aggressive exploration tactics that have led to hydrocarbon discoveries.

This discovery will increase OGDCL’s hydrocarbon reserve base and help Pakistan’s domestic oil and natural gas production, according to the statement.

OGDCL had previously stated in June that its exploratory wells in Sindh and Punjab had discovered oil and gas deposits.

The company stated in notices to the PSX that the findings were made in Sindh’s district Tando Allah Yar as well as the Punjabi tribal region of Rajanpur.

The finding of gas and condensate deposits was made public earlier this month by Pakistan Petroleum Limited (PPL) in Shahpur Chakar North X-1, an exploratory well in Block 2568-18 (Gambat South), which is situated in District Sanghar, Sindh.

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