Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

OGDCL finds indicators of heavy reservoirs of shale gas in Hyderabad

byCT Report
09/10/2023
in Breaking News, Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Amid depleting natural gas, Pakistan has found indicators that suggest the presence of heavy reservoirs of shale gas in a Hyderabad well.

As per a USAID study, more than 3,000 TCF (trillion cubic feet) shale gas resources exist in various shale horizons of Pakistan.

You might also like

MTO Karachi exceeds May tax collection target by Rs2b

30/05/2026

Pakistan may end tax exemptions on EVs, hybrid vehicles in budget 2026-27

30/05/2026

The well where the heavy presence of gas was found was the KUC-1 pilot well in Hyderabad, a project that was launched by the Oil and Gas Development Company Limited (OGDCL) in 2020.

“We have vertically dug the well and discovered two layers of rocks containing shale gas and OGDCL experts will further vertically drill up to the third layer in the first week of next month. The data collected and analysed after fracking the first two layers showed the presence of shale gas in abundance. After reaching and fracking the third layer, the process of digging the same well horizontally up to 1,500-2,000 meters within a depth of 3,000-6,000 meters would be undertaken,” Dr M Saeed Khan Jadoon, adviser to OGDCL on exploration of oil and gas and head of shale gas cell, told the publication.

For fracking the vertical and horizontal layers, the oil exploration giant has already signed an agreement with Schlumberger, Pakistan.

Jadoon said the OGDCL has increased its focus on capacity upgradation of human resources in the shale gas cell. He added that members were sent to China and the USA to keep them updated on new methods used for the discovery of shale gas.

“After three months, we will initiate the horizontal drilling in the pilot well, which may be completed by August next year 2024,” he added.

To a question, the official said that the total process of drilling the well vertically and horizontally would be completed in 3-4 years at the cost of $25-$30 million as COVID-19 virus and floods had caused the delay. After that, the OGDCL will market the well to investors, keeping in view data to be collected after fracking the layers vertically and horizontally about the presence of shale gas. The investors will utilise their financial resources to discover shale gas commercially.

Dr Jadoon said that recovering the shale gas on a commercial basis was highly capital-intensive and would cost $10-15 per mmBtu.

According to the publication, the OGDCL is working on paving the way for investment by sharing the actual production potential of the shale gas reservoirs in Pakistan with investors.

After this successful pilot well, all the data relating to drilling, completion, fracking and production will be collected and analysed for future exploration strategy of shale gas in Pakistan.

The success of this pilot project may trigger the company to drill a few more pilot wells to ascertain the frackability and productivity of shale gas in a region.

Sember Shale is considered the richest source of rock having a good thickness, mainly found in the lower and middle Indus basin of Pakistan. Presently, OGDCL is producing about 35,000 bbl/day of oil and 800 MMSCFD gas and is contributing about 47% in oil and 30% in gas production,

Related Stories

MTO Karachi exceeds May tax collection target by Rs2b

byCT Report
30/05/2026

KARACHI: The Medium Taxpayers’ Office (MTO) Karachi has surpassed its tax collection target for May 2026, collecting Rs27 billion against...

Pakistan may end tax exemptions on EVs, hybrid vehicles in budget 2026-27

byCT Report
30/05/2026

ISLAMABAD: Electric and hybrid vehicles in Pakistan may become significantly more expensive as the government considers ending tax exemptions and...

Govt slashes jet fuel, light diesel prices in major relief move

byCT Report
30/05/2026

ISLAMABAD: The government has issued a notification announcing a significant reduction in the prices of selected petroleum products, lowering the...

Overseas Pakistanis get major facility

byCT Report
30/05/2026

ISLAMABAD: The process of filing income tax returns for overseas Pakistanis has been made easier, allowing expatriates to submit their...

Next Post

FTO Dr. Asif Jah elected as Secretary General OICOA

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.