OGDC makes key gas and condensate discovery in KP

KARACHI: Oil and Gas Development Company (OGDC) has announced a gas and condensate discovery in the Samanasuk formation, an exploratory zone, at the Bettani-02 (Slant) well in District Laki Marwat, Khyber Pakhtunkhwa.

OGDC operates the Wali exploration licence with a 100 per cent working interest in the area.The Bettani-02 (Slant) well was initially spudded as an appraisal well and drilled to a depth of 5,080 metres into the Shinawari formation, the company informed the Pakistan Stock Exchange (PSX) in a notice on Friday. During drilling, the well penetrated a 247-metre-thick Samanasuk formation, marking a key exploratory effort.

A Cased Hole DST-1 test was conducted, with the well flowing at a rate of 2.14 million standard cubic feet per day (mmscfd) of gas and 74 barrels of condensate per day (BCPD) through a 32/64” choke, at a wellhead flowing pressure of 435 psi.

Based on the initial testing results, this marks the first-ever hydrocarbon discovery in the Samanasuk formation within the Wali exploration licence area. This discovery significantly expands the hydrocarbon play in the southwestern region of the Bannu Basin and reduces the risks associated with exploring deeper reservoirs.