The Oil and Gas Development Limited (OGDCL) announced that it has discovered oil reserves in 4 different wells in Rajanpur city of Punjab, as well as district Tando Allah Yar, Sindh.
The notification issued by OGDCL said that the gas reserves discovered in Punjab amount to 2.081 million standard cubic feet per day (MMSC/D).
The gas discovery was made at Kaleri Shum-01 well located in Rajanpur. According to details, Kaleri Shum-01 was spudded on December 31, 2021, to test the hydrocarbon potential of Pab, Fortmunro/ Mughalkot, and Parh formations which was a success. The well was drilled down to a depth of 1907m.
On the other hand, the oil exploratory company said the joint venture of Nim Block comprising OGDCL as operator with 95% stake and Government Holdings (Private) Limited (GHPL) with the remaining 5% stake discovered oil and gas from the exploratory well Nim East 1 located in district Tando Allah Yar, Sindh, making it the 11th discovery in Nim Block.
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Pakistan making big discoveries
Earlier on June 16, the Oil and Gas Development Company Limited (OGDCL) discovered gas reserves from an exploratory well located in Sindh’s Ghotki district. According to OGDCL, the discovery in Ghotki opened a new avenue and will positively contribute to mitigating energy demand and supply gap from indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country
Before that, in October 2021, OGDCL announced the discovery of gas reservoirs in the Kohlu District of Balochistan.
Moreover, Mari Petroleum Company Limited (MPCL), which is the second-largest gas producer in Pakistan, earlier this month, discovered a mega gas reservoir of one trillion cubic feet in North Waziristan, Khyber Pakhtunkhwa.
MPCL sent a notice regarding the discovery to the Pakistan Stock Exchange (PSX). According to details, the price of this indigenous gas will be around $4 per million British Thermal Unit (MMBTU).
Most importantly, with this discovery, the country’s foreign expenditure of approximately $1.5 billion per annum will be saved. MPCL said the development was a result of its exploratory efforts at a well in Bannu West block.