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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
Comments (8) Closed
Put it in simple terms and how much will it reduce our oil and gas imports by, thereby saving foreign exchange.
Great job!
not enough to develop into the oil grid .
is it true? because already explored storage near PAK IRAN border was fake....
Its 700 BPD not 7000 BPD
@Zak Multiply by today's oil rate. It not a lot
Then why our dependence on foreign oil is keep increasing. Even on small scale Pakistan need to start production of oil and refineries, our huge chunk of foreign reserves spend on fuel. What is a purpose of discovery if it’s not used.
@tahir Better than nothing. A future hope.!