Latest news with #BitrisimExplorationLicense
Business Recorder
5 days ago
- Business
- Business Recorder
OGDCL announces oil, gas discovery at Faakir-1 Well in Khairpur
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License area in Khairpur district of Sindh. The well is operated by OGDCL with a 95% working interest, in a joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% stake. Spud on December 31, 2024, as an exploratory well, the Faakir-1 well was drilled to a total depth of 4,185 meters in the Sembar Formation. The drilling operation was executed using OGDCL's in-house expertise in close collaboration with the Joint Venture Partner. Following the analysis of wireline log results, two Drill Stem Tests (DSTs) were conducted in the Lower Goru Formation, targeting the Massive Sand and Basal Sand intervals. The cumulative test results indicated the production of 6.4 million standard cubic feet of gas per day (MMSCFD) and 55 barrels per day (BPD) of condensate through a 32/64' choke. This discovery marks a significant milestone in the Bitrisim Exploration Licence, highlighting the potential of the Lower Goru Formation (Basal and Massive Sands). The discovery significantly enhances the block's commercial viability and extends the licence's productive life. Copyright Business Recorder, 2025
Express Tribune
5 days ago
- Business
- Express Tribune
Hydrocarbon reserves discovered in Khairpur
Listen to article Oil & Gas Development Company Limited (OGDCL) announced a significant oil and gas discovery at the Faakir-1 well within the Bitrisim Exploration License in Khairpur, Sindh. As per a statement, OGDCL operates the well with a 95% working interest. The exploratory well was spudded on December 31, 2024, and drilled to a depth of 4,185 metres in the Sembar Formation. Post-drilling analysis included two Drill Stem Tests (DSTs) in the Lower Goru Formation, targeting the Massive and Basal Sand intervals. These tests showed a cumulative production of 6.4 million standard cubic feet of gas per day (mmscfd) and 55 barrels of condensate per day.
