Oil and Gas Development Company (LSE:OGDC) has made a gas and condensate discovery at the Bitrisim Northwest-1 exploratory well in District Khairpur, Sindh Province, the company said in a statement.
OGDCL, the Pakistani integrated oil and gas exploration and production company, is operator of the Bitrisim Exploration License with a 95% working interest, alongside Government Holdings (Private) Limited, which holds the remaining 5%.
Testing at the well yielded 12.8 million standard cubic feet per day of gas and 175 barrels of condensate per day, flowing through a 32/64-inch choke at a wellhead pressure of 3,020 pounds per square inch.
The well was spudded on 21 August and drilled to a total depth of 3,732 metres in the Sembar Formation, with a Drill Stem Test subsequently conducted in the Basal Sands of the Lower Goru Formation.
OGDCL is fast-tracking work to connect the well to the national gas gathering system for early monetisation of the discovery, a pattern it has followed at recent finds including Bobi Deep-1 and Chak 63-05, where flowlines and pipeline tie-ins were similarly expedited using in-house resources.
The company said the discovery will add to its hydrocarbon reserves base and help narrow Pakistan's energy demand-supply gap through domestic production.
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