OGDC discovers gas, condensate in K-P

ISLAMABAD:

Oil and Gas Development Company (OGDC) on Friday announced a significant gas and condensate discovery in the Samanasuk Formation exploratory zone.

The discovery was made at the Bettani-02 (Slant) well in the Wali Block, located in the Lakki Marwat district of Khyber-Pakhtunkhwa. OGDC is the operator of the Wali exploration licence with a 100% working interest.

The Bettani-02 well was drilled to a depth of 5,080 metres into the Shinawari Formation. Subsequent testing, using the Cased Hole Drill Stem Test-I, revealed a flow rate of 2.14 million standard cubic feet per day (mmscfd) of gas and 74 barrels per day (bpd) of condensate with wellhead flow pressure of 435 pounds per square inch (psi).

"This marks the first-ever hydrocarbon discovery in the Samanasuk Formation within the Wali exploration licence," OGDC said in a statement.

It has further extended the hydrocarbon play area in the southwestern part of the Bannu Basin and de-risked the exploration potential of deeper reservoirs in the region.

OGDC said it had already designed a comprehensive exploration programme to further enhance energy self-reliance in the country.