Gas And Oil Well Work Completed In KPK
Gas And Oil Well Work Completed In KPK: The work on “Baratai Well” got completed as announced by the Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) in collaboration with Oil and Gas Development Company Limited (OGDCL) in a press release.
The well has the capacity of 30 million cubic feet per day (MMCFD) of gas and 700 barrels crude oil and this gas well was drilled to a depth of 5,014 meters in a record time of 199 days. KPOGCL chief executive Raziuddin signed an agreement with OGDCL for work in the Baratai Block. Raziuddin said that Baratai discovery was a landmark achievement and KPOGCL is the first provincial company to start its production.
With an aim to tap natural resources the authorities informed that seismic data was acquired, processed and interpreted by the mutual working of KPOGCL and OGDCL technical teams.
After several technical meetings, workshops and seismic reinterpretation, drilling was started on May 24th 2017. The structure of the well was drilled and tested using OGDCL’s in-house expertise.
Oil and Gas Development Company Limited (OGDCL) has made a second discovery of oil and gas deposits at the Baratai Block in Khyber-Pakhtunkhwa (K-P). The state-owned firm, which remains the single largest oil exploration company listed at the Pakistan Stock Exchange (PSX), stated that it has tested 13.56 million standard cubic feet per day (mmscfd) of gas and 317 barrels per day (bpd) of condensate (crude oil) at a zone in Lockhart formation in the last week of December.
Earlier in mid-December, OGDCL the operator of the joint venture of Baratai Block in the province with 97.5% stake drilled the exploratory well Dhok Hussain well #01 to the depth of 5,014 meters and tested hydrocarbons. Khyber Pakhunkhwa Oil and Gas Company Limited (KPOGCL) hold the remaining 2.5% stake in the joint venture.
Domestic production meets around 30% needs for oil and around 70% for gas in the country while the rest is met through imports. It has opened new avenues and would add to the hydrocarbon reserves base of OGDCL and the country.
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