OGDCL discovered another Oil and Gas reserves in Sindh’s Sanghar within a week
Oil and Gas Development Company Limited (OGDCL), the country’s largest oil and gas exploration company, on Thursday announced another discovery of oil and gas reserves from its exploratory well in Sanghar district of Sindh.
In a notice sent to the Pakistan Stock Exchange (PSX), the company said that, “the Joint Venture of Sinjhoro Block comprising OGDCL as operator (76%), Orient Petroleum Inc. (19%) and Government Holdings (Private) Limited (GHPL) (5%) has discovered oil and gas from an exploratory well namely Kot Nawab-1 which is located in District Sanghar, Sindh Province”.
OGDCL further said that Kot Nawab-1 was spudded-in on June 03, 2022 as an exploratory well by using OGDCL’s in-house expertise.
The well will yield 125 barrels of oil, 0.483 million cubic feet of gas per day and 400 barrels of water per day, the company said.
The said development is the eleventh discovery in Sinjhoro Block, said OGDCL, “which shows the commitment of Sinjhoro JV to exploit the hydrocarbon (HC) potential of the block and aggressive exploration strategy”.
Earlier this year, the company discovered oil and gas reserves in Sindh’s Tando Allahyar district.
OGDCL is a public limited company, which has been exploring and producing oil and gas in the country for the past 5 decades.