KARACHI: Oil and Gas Development Company Limited (OGDCL) discovered crude oil and gas from its exploratory Chanda well-1, which is located in district Kohat of Khyber Pakhtunkhwa, a bourse filing said on Monday.
“This is the first discovery of crude oil and gas from Hangu Formation in Chanda Oil field,” OGDC said in a statement to the Pakistan Stock Exchange.
The joint venture of Chanda D&PL comprises OGDCL as operator (72 percent) together with Government Holdings Private Limited (17.5 percent) and Zaver Petroleum Corporation Limited (10.5 percent).
The structure of Chanda well-1 was tested during workover (re-completion) using OGDCL’s in house expertise and in close collaboration with the teams of Government Holdings
Private Limited and Zaver Petroleum Corporation Limited.
The well has tested 700 barrels/day (bpd) of crude oil and 2.2 million metric feet/day of gas through 32/64” choke at well head flowing pressure of 1,150-1,200 pounds/square inch (psi) from Hangu and Lumshiwal formation.
Earlier in December 1999, Lumshiwal was tested only 150bpd of crude oil and 0.86 mmscfd of gas through 32/64” choke at well head flowing pressure of 160-190psi and additional contribution of 550 barrels oil per day and 1.34 mmscfd gas is from Hangu formation which has been tested for the first time in Chanda structure.
The well has been completed to take comingle production from Lumshiwal and Hangu formations. “The discovery of Chanda well-1 is the result of aggressive exploration strategy adopted by the company,” OGDCL added. “It has opened a new avenue and would add to the hydrocarbon reserves base of OGDCL and of the country.”