Oil, gas reserves found in Sindh

Our Equities Correspondent Published May 14, 2019

The well was drilled down to the depth of 2,676 metres. — AFP/File

KARACHI: Oil and Gas Development Company Ltd (OGDCL) told the stock exchange on Monday that gas and condensate was discovered from its exploratory cum appraisal Mangrio Well 1, which is located in district Tando Muhammad Khan, Sindh.

The well was drilled down to the depth of 2,676 metres. It has tested 10.44mmscfd gas, 120 barrels per day condensate through choke size 32/64 inches at wellhead flowing pressure of 2,085 Psi from lower Guru B-Sand.

PPL terminates contract with SPEC Energy

Pakistan Petroleum Limited (PPL) terminated Engineering, Procurement, Construction and Commissioning Contract with SPEC Energy DMCC, for the construction of a Gas Processing Plant for processing 60 MMScfd gas from the company’s Shahdadpur field.

Published in Dawn, May 14th, 2019

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Abc

May 14, 2019 11:01am

What will be development package for the concerned region???.

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Suraj71

May 14, 2019 11:08am

Now investors in stock markets are aware of this tactics after previous lie of Imran about oil reserve.

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Can

May 14, 2019 11:19am

Bur Oil and Gas reserves near Karachi still missing.

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Shahid khawaja

May 14, 2019 11:48am

Whichever company wins the contract for this oil and gas discovery, it should be made mandatory for the contractor by the government that they will provide employment, hospitals, schools and housing for the local people. The contracts should not be one sided in favour of the contractor profiteering for itself and our beauracracy for years to come.

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Dr. Addy

May 14, 2019 12:07pm

Let these reserves come and hope this adds to value of the economic problems Pakistan is in. Hope brings some goodness to the economic issues Pakistan is facing.

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Feroz

May 14, 2019 12:07pm

Every country has such reserves but the cost of exploration and extraction makes these discoveries financially irrecoverable.

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On the Border

May 14, 2019 12:33pm

What is the news here ??,

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Maria

May 14, 2019 12:37pm

SPEC ENERGY got a stay order. PPL has many outstanding invoices and are illegally trying to overtake the project. PPL is abusing its power.

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Adil108

May 14, 2019 02:25pm

Tell us about the sea oil and gas that were announced some couple of months back?

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Tajammal

May 14, 2019 02:54pm

@Suraj71, Why you are worrying, its Pakistan's internal matter?

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Fastrack

May 14, 2019 04:04pm

@Adil108 , Wait a little.

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Liman Gashkori

May 14, 2019 07:05pm

Every little bit will help us.

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Abc

May 14, 2019 10:17pm

Please move on, this is nothing. Pakistan currently produces 80,000 bbl and the requirement per day is 650,000 bbls. What is 120 bbl per day? Moreover the gas discovery is also minimal 10.4 MMCf whereas the cconsumption per day is 8000 MMcf

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M. Saeed

May 14, 2019 11:18pm

These are all very small discoveries. We are waiting for the results of Kekra -1 from offshore.

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Bhaijan

May 15, 2019 12:37am

These are peanuts, go explore oil & Gas in Runn of Kutch. Across the border Indian ONGC Indian already exploring Gas & Oil in Kutch Basin.

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kamal chowkidar

May 15, 2019 02:08am

@Tajammal, "@Suraj71, Why you are worrying, its Pakistan's internal matter?" If the neighbours are not going to worry then who will?