Oil and Gas Development Company Limited (OGDCL) has made another oil discovery from its exploratory Well – Jarwar Well No 1, which is located in district Tando Allah Yar, Sindh in NIM Block with OGDCL ownership at 95 percent and Government Holding (Pvt) Limited at five percent. This is the second oil discovery which OGDCL has made within the short span of two months.
The structure of Jarwar Well No 1 was delineated, drilled and tested by using OGDCL’s in house expertise. The well was drilled down to the depth of 1,473 meters, targeting to test the hydrocarbon potential of Upper Sand of Lower Goru Formation. Significant reserves of hydrocarbon found at Jarwar Well No 1 have been tested delivering 480 barrel per day oil through down hole jet pump. The discovery of Jarwar Well No 1 will add to the hydrocarbon reserves base of the OGDCL and GHPL.
Muhammad Rafi, the Managing Director and CEO of OGDCL further expressed that OGDCL had reached the 100th landmark of hydrocarbon well discovery at Soghri-1 located in district Attock under the Soghri Exploration License in the month of September, 2014 and the Prime Minister of Pakistan had inaugurated the discovery on 17th September, 2014. Soghri Well is currently producing 220 barrels per day of condensate and delivers 17 million cubic feet of gas per day. OGDCL is Pakistan’s premier and largest Oil & Gas Exploration and Production Company which contributes 55 percent of Pakistan’s oil output and 30 percent of natural gas output. OGDCL is the top tax paying company in Pakistan with annual tax payments surpassing Rs 50 billions.-PR
SOURCE: RECORDER REPORT