Pakistani oil and gas company Oil and Gas Development Company (OGDCL) has announced the discovery of a significant gas-condensate reserve at the Kharo-1 well in the Khewari exploration licence area, Sindh Province.
The company, which owns a 95% stake in the Khewari Block with GHPL as a joint venture (JV) partner, has successfully executed drilling operations to a depth of 3,762m.
Located in Khairpur district, the OGDCL-operated Kharo-1 well has yielded promising results from its drilling and testing operations.
The testing of the Kharo-1 well structure reported production of 14.3 million standard cubic feet per day of gas and 93 barrels per day of condensate.
These results were achieved at a 32/64in choke size and under a wellhead flowing pressure of 2,737 pounds per square inch.
OGDCL said the gas and condensate have been extracted from the Massive Sand strata of the Lower Goru Formation.
In a press statement, OGDCL said: “The discovery at Kharo-1 is a testament to the diligent and strategic exploration approach adopted by the company.
“It has the potential to significantly enhance the hydrocarbon reserves of OGDCL and its esteemed joint venture partners, and ultimately contribute to the national energy resources of the country.”
Last month, the Pakistan Ministry of Energy’s Directorate General of Petroleum Concessions ‘provisionally awarded’ four new exploration blocks in Balochistan and Sindh.
The contracts were awarded to OGDCL, Pakistan Petroleum Limited and Pakistan Oilfields Limited.
Last year, the state-run Associated Press of Pakistan reported that Pakistan’s four government-backed oil and gas companies were partnering with Saudi Aramco for a $10bn (SR37bn) greenfield refinery project.
