The discovery of additional oil and gas deposits in Kohat, Khyber Pakhtunkhwa, has been declared by the Oil and Gas Development Company Limited (OGDCL).
In a statement to the stock exchange, the company stated that after drilling for 2,600 meters, the discovery was made at the Togh Well-02 in Kohat.
According to the sources, the company would receive 28 barrels of oil and 2.842 mmcfd of gas from well number 2 in Togh Bala, an administrative unit of Kohat district, as part of the hydrocarbon discovery.
With a choke size of 32/64, the well pressure was recorded at 540 pounds per square inch.
Seventy-five percent of the joint venture with Safe Energy Ltd. was owned by OGDCL.
The nation’s foreign exchange reserves will be preserved thanks to the new find, which will also increase OGDCL’s oil and gas reserves.
In November of last year, Pakistan Petroleum Limited (PPL) discovered oil and gas reserves at Shah Bandar Block in the Sujawal region of Sindh.
The company’s announcement to the Pakistan Stock Exchange (PSX) on Monday stated, “We are pleased to disclose that Pakistan Petroleum Limited (PPL) has made a gas and condensate discovery from exploration well Jhim East X-1, in Shah Bandar Block, located in District Sujawal, Sindh Province.”
In order to assess the hydrocarbon potential of the Upper Sand of the Lower Goru Formation, the exploration well Jhim East X-1 was drilled to a depth of 2,545 meters.
“The well produced 236 barrels of condensate per day and 13.69 million standard cubic feet of gas per day at a wellhead flowing pressure (whfp) of 2,668 psig at 32/64″ choke during testing of the Lower Goru Upper Sand,” the announcement continued.
