Oil and Fuel Improvement Firm Restricted has introduced a contemporary oil and fuel discovery at its Baragzai X-01 (Slant) properly in Khyber Pakhtunkhwa, extending a sequence of profitable checks on the Nashpa block because the nation seeks to curb its vitality shortfall.
The corporate, which operates the Nashpa Exploration License with a 65% working curiosity, disclosed the discover in a discover to the Pakistan Inventory Change. The invention was made within the Lockhart Limestone formation in District Kohat.
Three way partnership companions within the block embody Pakistan Petroleum Restricted, which holds a 30% stake, and Authorities Holdings (Non-public) Restricted with a 5% carried curiosity.
Throughout a cased-hole drill stem check (DST-05) within the Lockhart formation, the properly flowed at 3,765 barrels of oil per day and 11.2 million commonplace cubic toes per day of fuel by a 32/64-inch choke at a wellhead flowing strain of 4,080 kilos per sq. inch gauge (psig), the corporate mentioned.
Baragzai X-01 (Slant) was spudded on Dec. 30, 2024, to evaluate hydrocarbon potential throughout a number of formations, together with Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali. The properly was drilled to a complete depth of 5,170 meters into the Kingriali formation.
Previous to the Lockhart check, 4 cased-hole drill stem checks within the Kingriali, Datta, Samana Suk and Shinawari, and Hangu and Lumshiwal formations additionally yielded oil and fuel, pointing to a multi-zone hydrocarbon system throughout the construction.
The invention is predicted to broaden OGDC’s reserve base and assist Pakistan’s efforts to slender its vitality supply-demand hole by rising home output and lowering reliance on imports.
