“The structure of Pasakhi deep well-4 was delineated, drilled
and tested using OGDC’s in-house expertise. The well was drilled down to the
depth of 3,460 meters, targeting to test the hydrocarbon
potential of massive sands of lower Goru formation where the Company hit on the
hydrocarbon reserves.
According to the information made public by OGDC the zone
had been tested with 14.015 mmscfd of gas and 125bpd of condensate at 36/64inch
choke size.
“This discovery of hydrocarbon in Pasakhi deep well No 4
will add to the total hydrocarbon reserves base of OGDC.
Analyst Mohammad Affan Ismail at a local brokerage house,
BMA Capital commented that the discovery, which stands at 14.02mmcfd of gas and
125bpd of oil would slightly impact the Company’s annualised earnings.
According to Pakistan Petroleum Information Service (PPIS),
the E&P giant ‑ OGDC ‑ is further pursuing exploratory drilling of seven
more wells (four wells were near completion) mainly in gas rich Sindh and
Balochistan regions.
