KARACHI: Oil and Gas Development Company Ltd (OGDC), operator of the Chanda — development and production lease — with joint venture partners Gov­ern­­ment Holdings Private Ltd (GHPL) and Zaver Pet­roleum Corporation Ltd (ZPCL) has discovered crude oil and gas from its exploratory well Chanda No. 1, located in district Kohat, Khyber Pakhtun­khwa.

In a filing with the PSX, the company stated that the structure of Chanda Well No.1 was tested during work over using OGDCL’s in-house expertise and in collaboration GHPL and ZPCL teams.

The well has tested 7,000 barrels per day of crude oil and 2.2 million standard cubic feet per day of gas through 32/64² choke at well head flowing pressure of 1150-1200 Psi from Hangu and Lumshiwal formation.

The company notice further mentioned that, earlier in Dec 1999, Lumshiwal formation had tested only 150bpd of crude oil and 0.89 mmscfd of gas through 32/64² choke at well head flowing pressure of 160-190 Psi.

However, the additional contribution of 550bpd and 1.34mmscfd to the discovery comes from Hangu formation which has been tested for the first time in Chanda structure.

Published in Dawn, September 11th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...