Oil and Gas Development Company (OGDC) has made a gas and condensate discovery in its exploratory well Saib-1 in Kohat district of Khyber-Pakhtunkhwa.
According to a statement issued by the oil and gas exploration company, the Saib Well-1 was drilled and tested using Oil and Gas Development Company’s in-house expertise.
The well was drilled to the depth of 5,500 metres. Based on the open hole logs data, the well test showed a flow of 1.6 million standard cubic feet of gas per day and 12 barrels per day of condensate with pressure of 190 pounds per square inch in Samanasuk Formation.
Oil and Gas Development Company is the operator of the well with a 97.5% share whereas Khyber-Pakhtunkhwa Oil and Gas Company Limited has a stake of 2.5%.
Oil and Gas Development Company said the discovery in Saib Well-1 was the result of an aggressive exploration strategy adopted by the company.
“It has opened a new avenue and will add to the hydrocarbon reserve base of OGDC, KPOGCL and the country as well as contribute to reducing the gap between supply and demand of oil and gas in the country through the exploitation of indigenous resources,” the company said.