KARACHI: Oil & Gas Development Company Limited (OGDCL) has discovered oil from its exploratory Well – Jarwar well # 1. It is located in District Tando Allah Yar, Sindh Province in NIM Block with OGDCL ownership – 95% and Government Holding (Pvt) Limited – 5%. This is the second oil discovery of OGDCL within the short span of two months.
The structure of Jarwar Well # 01 was delineated, drilled and tested by using OGDCL’s in house expertise. The well was drilled down to the depth of 1473 Meter, targeting to test the hydrocarbon potential of Upper Sand of Lower Goru Formation. Significant reserves of hydrocarbon have been found at Jarwar Well #01. Selective Interval (B-Sand) of Lower Goru Sand member have been tested delivering 480 BAARREL PER DAY oil through down hole jet pump. The discovery of Jarwar Well # 01, will add to the hydrocarbon reserves base of the OGDCL and GHPL.
Muhammad Rafi, the Managing Director and CEO of OGDCL further expressed that OGDCL had reached the 100th landmark of hydrocarbon well discovery at Soghri-1 located in district Attock under the Soghri Exploration License in the month of September, 2014 and the Prime Minister of Pakistan had inaugurated the discovery on 17th September, 2014. Soghri Well is currently producing 220 barrels per day of condensate and delivers 17 million cubic feet of gas per day. OGDCL is Pakistan’s premier and largest Oil & Gas Exploration and Production Company which contributes 55% of Pakistan’s oil output and 30% of Natural Gas output. OGDCL is the top tax paying company in Pakistan with annual tax payments surpassing Rs. 50 billions.
