New Oil & Gas Deposits Found in Sindh
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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