Gas and condensate reserves have been discovered in Shahpur Chakar North X-1, an exploratory well, Block 2568-18 (Gambat South) found in district Sanghar, Sindh, revealed by Pakistan Petroleum Limited (PPL) in a notice sent to the Pakistan Stock Exchange (PSX).
According to the sources, the state-run petroleum company said that Block 2568-18 (Gambat South) EL is being operated by Pakistan Petroleum with a 65% working interest in collaboration with its joint venture partners Asia Resources Oil Limited (AROL) and Government Holdings Private Limited (GHPL) with 10% and 25% interest, respectively.
The exploration well Shahpur Chakar North X-1 was drilled to a depth of 3,560 metres to test the hydrocarbon potential of Massive Sand of Lower Goru Formation. Based on the wire line logs, potential hydrocarbon-bearing zones were identified inside the target reservoirs, the statement said, adding that Initial testing in the Massive Sand (Deep) interval of Lower Goru Formation flowed 15.2 million cubic feet per day (mmscfd) of gas along with condensate of 321 barrels per day (bpd) at a Flowing Wellhead Pressure (FWHP) of 3,061 psig on a 32/64″ choke.
PPL further stated that the latest discovery will help to add to the hydrocarbon reserves of the company and its joint venture partners, and it would also contribute in reducing the energy demand and supply gap in the country, and will save significant foreign exchange for the country through indigenous hydrocarbon production.
Recently, Oil and Gas Development Company Limited (OGDCL) successfully discovered gas reserves in Tolanj West-02, a development well in Tal block found in Kohat Plateau, Khyber Pakhtunkhwa.
Moreover, in June this year, OGDCL announced to have discovered oil and gas reserves from its exploratory wells located in Sindh and Punjab.
Sources reported that the discoveries were made in district Tando Allah Yar, Sindh, as well as in Rajanpur, a tribal area in Punjab, said the company back then.