The well flowed at the rate of 11.361 MMSCEF gas and 895 Barrel per day condensate with well head flowing pressure (WHFP) of 2800 pounds per square Inch at 32/64″ choke size
KARACHI: Oil and Gas Development Company Ltd (OGDCL), being operator of Wali Exploration Licence with 100 per cent working interest, has made a gas and condensate discovery over Hangu formation from its exploratory efforts at Wali #01 well, which is located in FR Lakki, Khyber Pakhtunkhwa (KP) Province, said a company statement here on Tuesday.
Wali 01 well was spudded-in on 2nd December 2019 as an exploration well and drilled down to total depth of 4727m (measured depth) inside Kawagarh formation. The company said that based on the good oil, Gas shows during drilling, interpretation of open whole logs data, successful testing was carried out in Kawagarh formation, which proved to be gas/condensate discovery.
Now, Drill stem Test (DST) has been performed in Hangu formation. The well flowed at the rate of 11.361 million standard cubic feet per day (MMSCEF) gas and 895 Barrel per day (BPD) condensate with well head flowing pressure (WHFP) of 2800 pounds per square Inch (PSI) at 32/64 choke size, it added.
It is highlighted that this gas/condensate discovery has further extended the hydrocarbon play area on the south western part of Bannu Basin.
OGDCL being leading exploration and production company in Pakistan has adopted aggressive exploration strategy which has resulted into hydrocarbons discoveries.
This discovery will add to the hydrocarbon reserves based of OGDCL and of the country. It will positively contribute in mitigating energy demand and supply gap from indigenous resources.
The company said it will continue to strive for increasing shareholders’ value through a robust exploration program. We are thankful to the government of Pakistan on their support.