The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has made a substantial discovery of hydrocarbon reserves in the Khewari block in the Khairpur district of Sindh.
This significant development was officially disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday. The announcement stated, “The OGDCL announces a significant gas-condensate discovery from its exploration efforts at Kharo-1, a well drilled in the Khewari exploration license area, located in District Khairpur, Sindh.”
Oil and gas reserves were identified at a depth of 3,762 meters in the Kharo-1 well in Khairpur district. Initial tests revealed gas reserves of 14.3 million cubic feet per day, as stated by OGDCL. The Kharo-1 site also unveiled reserves of 93 barrels per day (bpd) of crude oil. These newfound oil and gas reserves are expected to result in significant annual savings, amounting to millions of dollars.
OGDCL informed that it operates the Khewari Block with a 95% working interest, in collaboration with GHPL (Government Holdings Private Limited), holding a 5% working interest as a joint venture partner. The drilling and testing operations for the Kharo-1 well structure, executed with OGDCL’s proprietary expertise, reached a depth of 3,762 meters, according to the Exploration and Production (E&P) notice.
“Subsequent testing procedures registered 14.3 million standard cubic feet per day (MMSCFD) of gas, in addition to 93 barrels per day (bbls/d) of condensate. The results were attained at a 32/64-inch choke size, under a wellhead flowing pressure (WHFP) of 2,737 pounds per square inch (psi), emanating from the massive sand strata of the Lower Goru Formation,” it further added.
OGDCL expressed that this recent discovery at Kharo-1 will significantly augment the hydrocarbon reserves of the company and its joint venture partners, making a substantial contribution to the national energy resources of Pakistan.
