Islamabad August 6 2024: Oil and Gas Company Limited announce the discovery of gas condensate from Kawagarh-1 formation in Razgir-1 Exploratory well, located in district Kohat, Khyber Pakhtunkhwa Province.
TAL Joint Venture comprises Oil & Gas Development Company Limited (OGDCL) (30% working interest), MOL Pakistan Oil & Gas Co. B.V. (the Operator) (10%), Pakistan Petroleum Limited (PPL) (30%), Pakistan Oilfields Limited (POL) (25%), and Government Holdings Private Limited (GHPL) (5%).
The well was spudded-in on January 09, 2024 and has been successfully drilled down to the depth of 3773.98m TVD. Based on interpretation results of wireline logs data, Kawagarh-1 Formation (Exploratory Target) was tested successfully at rate of around 16.4 Million Standard Cubic Feet per Day (MMSCFD) gas and 159 Barrels per Day (BPD) of Condensate at choke size 40/64″ at Wellhead Flowing Pressure (WHFP) of 1874 Pounds per Square Inch (Psi).
This new discovery has de-risked further exploration play in TAL Block, leading to new upside opportunities. The said discovery will help to enhance indigenous hydrocarbons supply of the Country and also add to the hydrocarbon reserves base.
