The Oil and Gas Development Authority (OGDCL) has shared that new oil and gas reserves have been found in district Sanghar, Sindh.
The official statement of the authority stated that, “The joint venture of Bitrism Block comprising of Oil and Gas Development Company Limited (OGDCL) as operator (95 percent) and Government Holdings (Pvt) Limited (5 Percent carried) has discovered oil and gas from its exploratory well Pandhi # 01, which is located in District Sanghar, Sindh province.”.
The statement further states that drilling was done to the depth of 3600 meters and well has tested 9.12 Million Standard Cubic Feet per Day (MMSCFD) of gas and 520 barrels per day of oil through choke at Wellhead flowing pressure of 840 Pounds per square inch (Psi) from Lower Goru (Basal Sand) Formation.
Earlier this year, the much-discussed project ‘Kekra-1’ turned out to be a major disappointment when no oil and gas reserves were found in the seventeenth endeavor to discover hydrocarbons off the shore near Karachi. The arranged boring of 5,470 meters was accomplished at an expense of 14 billion rupees. In starting evaluations, the accessibility of around nine trillion cubic feet of gas with a huge amount of oil was surveyed in the Kekra-1 well. Drilling had started in January 2019 at the cost of 75 million USD and it had a pre-drill prospective resource estimate of 1.5 billion barrels of oil or equivalent.