OGDCL discovers gas reservoir in Balochistan

Attention: open in a new window. PDFPrintE-mail

OGDCL discovers gas reservoir in Balochistan

ISLAMABAD – The Oil and Gas Development Company Limited (OGDCL), operator of Zin Exploration licence, together with joint venture partner Government Holdings Pvt Ltd (GHPL) has discovered gas reservoir bearing zone from its well Zin SML-I located in District Dera Bugti of Balochistan.

Ministry of Petroleum and Natural Resources (MPNR) in a statement said that MD OGDCL who called on Dr Asim Hussain Advisor to Prime Minister on Petroleum and Natural Resources informed the Advisor about the new discovery.

MD OGDCL briefed Dr Asim Hussain that preliminary assessment shows estimated reserves in place of about 1.06 TCF, which would be confirmed by further appraisal wells. It is of low calorific value gas but with the right technology, can be enhanced to better quality gas.

Advisor on Petroleum expressed confidence that this discovery will add to the hydrocarbon reserves base of the Joint Venture Partners, brining significant earnings for the country.

It is worth mentioning that the Zin SML-I well was drilled down to depth of 1050 meters targeting to test the potential of Sui Main Limestone formation. The target zone age has tested 8.05 MMSCFD gas through 128”/ 64” choke.

 

Courtesy:  Nation


Forex open Market rates & comments Archive

Login Form