Good news for Pakistan. The largest oil and gas exploration company in the country, Development Company Limited (OGDLC) announced that they have discovered oil reserves from an exploratory well – Toot Deep – 1 Well.
The well is in Attack, a district in Punjab. “Based on interpretation results of open hole logs data, Lockhart Formation has successfully tested oil at the rate of 882 barrels per day (bpd) and 0.93 million standard cubic feet per day (mmscfd) gas at Well Head Flowing Pressure (WHFP) of 600 pounds per square inch (psi) at 32/64” choke size,” OGDCL said in its official notification to the Pakistan Stock Exchange (PSX).
OGDCL Is an operator of the Toot Mining Lease and has 100 percent interest in discovering oil.
The spudding of the Toot Deep-1 Well started on December 25, 2020. It was drilled down in Tobra Formation with a total depth of 5,545.
“The latest oil discovery further extends the hydrocarbon play area in the Pothohar basin,” said the OGDCL notice, adding that it has adopted aggressive exploration strategies resulting in hydrocarbon discoveries.
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