KARACHI: Oil and Gas Development Company Ltd (OGDC) told investors on Wednesday it has discovered oil and gas in the exploratory well named Nim East-1 in Tando Allah Yar district of Sindh.

In a regulatory filing, the company said it is operator of the well with a 95 per cent stake while the rest of the shareholding is controlled by Government Holdings Private Ltd.

Drill Stem Test-1 (DST) in the Basal Sand has tested 1,400 barrels of oil per day (bopd) and 5.02 million standard cubic feet per day (mmscfd) gas, the regulatory filing said. It’s the 11th discovery in Nim Block, it added.

Additionally, the company said it has made a separate gas discovery at Kaleri Shum-1 well located in Rajanpur (tribal area) of Punjab. The company is the operator with a 50pc stake while Mari Petroleum Company Ltd is its joint venture partner.

In DST-1 into Parh and Fortmunro/Mughalkot formations, the well flowed at a rate of 1.24mmscfd gas. In DST-2 into Fortmunro/Mughalkot formations, the well tested 0.489mmscfd gas. The well also tested 0.192mmscfd gas from Pab Sandstone in DST-3.

Published in Dawn, June 23rd, 2022