ISLAMABAD (PEN) : Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has announced the discovery of hydrocarbon reserves at the Bettani-02 (Slant) well in the district of Laki Marwat, Khyber Pakhtunkhwa.
The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday.
“We are pleased to announce that OGDCL, the operator of Wali Exploration License with a 100% working interest, has made a gas and condensate discovery in Samanasuk formation, an exploratory zone, at the Bettani-02 (Slant) well located in district Laki Marwat, Khyber Pakhtunkhwa,” read the notice.
OGDCL said that the Bettani-02 well was spudded in as an appraisal well and drilled to a depth of 5,080 meters into the Shinawari formation.
“During drilling, a 247-meter-thick Samanasuk formation (exploratory effort) was penetrated. Cased Hole DST-1 was carried out, and the well flowed at a rate of 2.14 million standard cubic feet per day (mmscfd) of gas and 74 barrels of condensate per day (bcpd) on a 32/64” choke with a wellhead flowing pressure of 435 psi,“ the E&P said.
The discovery marks the first-ever hydrocarbon find in Samanasuk formation within Wali Exploration License.
“This discovery has further extended the hydrocarbon play area in the southwestern part of Bannu Basin and de-risked the exploration potential of deeper reservoirs, for which OGDCL has formulated a comprehensive exploration program,” the notice added.
In October, OGDCL discovered natural gas reserves at Shahu-1 well in district Khairpur, Sindh.
In September, the company discovered hydrocarbon reserves at Akhiro-1 exploratory well located in district Khairpur.
OGDCL is the largest E&P in the country with operations including exploration, drilling operation services, production, reservoir management, and engineering support. It has the most extensive exploration acreage in Pakistan, covering over 40% of the country’s total acreage awarded with net oil and gas hydrocarbons.
