The Oil and Gas Development Company Limited (OGDCL) asserted on Tuesday to have found oil and gas reservess at its Chanda Well-05 in Khyber-Pakhtunkhwa’s (K-P) Kohat region.
As indicated by a fundamental test, the well could create 76 Barrel for each Day (BPD) of unrefined petroleum, and 0.512 Million Standard Cubic Feet for every Day of (MMSCFD) gas.
“This is the main disclosure of raw petroleum and gas from Wargal Formation in Chanda Oil Field,” an OGDCL proclamation said.
The Well-05 was drilled 5,440 meters down and tried utilizing the OGDCL’s in house ability, the announcement included.
The OGDCL is administrator of the Chanda Well with 72 percent shares, while Government Holdings (Private) Limited (GHPL) and Zaver Petroleum Corporation (Private) Limited (ZPCL) having 17.5 percent and 10.5 percent shares separately.
The disclosure was the aftereffect of forceful discovering methodology embraced by the organization, which opened “another road in K-P for discovering of more profound prospects for other discovery and production organizations working in the zone,” expressed the communique, including that “the discovery will positively add to the hydrocarbon stores base of the nation.”
Prior in July, the organization had discovered new oil and gas stores in exploratory well in Sanghar area of Sindh.