ISLAMABAD
\nOil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License area in Khairpur district of Sindh.
\nThe well is operated by OGDCL with a 95% working interest, in a joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% stake.
\nSpudded on December 31, 2024, as an exploratory well, the Faakir-1 well was drilled to a total depth of 4,185 meters in the Sembar Formation. The drilling operation was executed using OGDCL\u2019s in-house expertise in close collaboration with the Joint Venture Partner.
\nFollowing the analysis of wireline log results, two Drill Stem Tests (DSTs) were conducted in the Lower Goru Formation, targeting the Massive Sand and Basal Sand intervals. The cumulative test results indicated the production of 6.4 million standard cubic feet of gas per day (MMSCFD) and 55 barrels per day (BPD) of condensate through a 32\/64\u201d choke.
\nThis discovery marks a significant milestone in the Bitrisim Exploration Licence, highlighting the potential of the Lower Goru Formation (Basal and Massive Sands). The discovery significantly enhances the block\u2019s commercial viability and extends the licence\u2019s productive life.
\nThe success of the Faakir-1 well underscores the Joint Venture\u2019s commitment to unlocking the full hydrocarbon potential of the block through an aggressive exploration strategy.
\nThe discovery is expected to make a meaningful contribution toward bridging the country\u2019s energy demand-supply gap through indigenous resources and will add to the hydrocarbon reserves base of both OGDCL and Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Oil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License area in Khairpur district of Sindh. The well is operated by OGDCL with a 95% working interest, in a joint venture with Government Holdings […]<\/p>\n","protected":false},"author":2,"featured_media":483936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-483907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n