The Oil and Gas Development Company Limited (OGDCL) announced on Friday the successful appraisal of gas and condensate from the Lumshiwal Formation in the Bilitang-1-ST-1 exploratory well in Kohat, Khyber Pakhtunkhwa.
In a notice to the Pakistan Stock Exchange (PSX), OGDCL said the discovery was made by the TAL Joint Venture, which includes OGDCL (30% working interest), MOL Pakistan Oil & Gas Co. B.V. (Operator, 10%), Pakistan Petroleum Limited (30%), Pakistan Oilfields Limited (25%), and Government Holdings Private Limited (5%).
The well, spudded on August 10 last year and later sidetracked to target higher-quality reservoirs, reached 4,004 meters true vertical depth (TVD).
Logs indicated the Lumshiwal Formation tested successfully at approximately 26.5 million standard cubic feet per day (MMscfd) of gas at 32/64” choke with a wellhead flowing pressure of 4,214 psi.
According to the company, the appraisal reduces exploration risks in the TAL Block and opens new opportunities.
https://archive.mmnews.tv/ogdcl-discovers-major-oil-gas-reserves-in-kohat/
