Oil reserves discovered from Lockhart: OGDCL

Says aggressive exploration strategies resulted in hydrocarbon discoveries

ISLAMABAD:

Development Company Limited (OGDCL), Pakistan’s largest oil and gas exploration company, on Thursday announced the discovery of oil reserves from its exploratory well – Toot Deep-1 Well – located in the Attock district of Punjab.

OGDCL, being the operator of the Toot Mining Lease, with 100% working interest has discovered oil from the Lockhart formation at Toot Deep-I Well.

“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,” said the company in its notification to the Pakistan Stock Exchange (PSX).

The Toot Deep-1 Well was spudded-in on December 25, 2020, and drilled down with a total depth of 5,545 metres in Tobra Formation.

“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.