Oil and Gas Deposits have been found in Sindh by Pakistan Petroleum Limited (PPL). The discovery was announced by PPL as they found the deposits while exploring well Badeel X-1 located in Sanghar district. This is as per a notification issued to the Pakistan Stock Exchange (PSX).
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The company said, “Initial testing of the most prospective zone in Massive Sands (Deep) of Lower Goru Formation showed a flow of 23.4 million cubic feet of gas per day along with 91 barrels of condensate (crude oil) per day.”
It was confirmed by the flow that there is a substantial presence and quantity of hydrocarbon. PPL is Gambat South Block operator having 65% working interest. Its joint venture partners include Government Holdings (Private) Limited having 25% and Asia Resources Oil Limited having 10% working interests.
PPL said, “Testing of the zone is in progress at various choke sizes and the well is flowing. However, the actual flow potential of Badeel X-1 will be assessed after completion of the test. Moreover, the entire potential of the well will be determined after evaluation and testing of other potential hydrocarbon-bearing zones. The discovery will add to hydrocarbon reserves, reduce the supply and demand gap in the country.”
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