Karachi: The Oil and Gas Development Company Ltd. (OGDC) on Wednesday (June 22) announced the discovery of oil and gas reserves in Tando Allah Yar and Rajanpur (tribal area) of Punjab, news sources reported. It is the eleventh such discovery in the Tando Allah Yar district by the company.
Reportedly, the OGDCL provided the government of Pakistan with a report detailing the volume and per-day output of the wells. The Drill Stem Test-1 (DST) in the Basal Sand tested 1,400 barrels of oil per day (BOPD) and 5.02 million standard cubic feet per day (mmscfd) of gas, according to the regulatory filing.
The gas reserves have been part of the company’s major exploration drive with 95% stake, and the remaining 5% with Government Holdings Private Ltd. Similarly, the OGDCL stated that the gas reserves discovered in Rajanpur are of a lower size. However, DST-1 into the Parh and Fort Munro/Mughal Kot formations flowed gas at a rate of 1.24 mmscfd. The well-tested 0.489 mmscfd gas was injected into the Fortmunro and Mughal Kot formations in DST-2.
In addition, 0.192 mmscfd gas from Pab Sandstone was examined in DST-3. According to the firm, the Rajanpur oil field is administered in an equal collaboration between the OGDCL and Mari Petroleum Company Ltd. It is worth noting that the Mari Petroleum Company Limited (MPCL) has declared the finding of a 1 trillion cubic foot gas reserve in North Waziristan. The finding is projected to save USD 1.5 billion per year on petroleum product imports.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
