Oil & Gas Development Company Limited (OGDCL) informed the Pakistan Stock Exchange (PSX) on Monday that gas reserves had been found in Tolanj West-02, a development well in the Tal block situated in Kohat Plateau, Khyber Pakhtunkhwa.

According to Brecorder, gas condensate from the Lockhart formation was found in Tolanj West-2 by the Tal joint venture, which included MOL Pakistan (operator), OGDCL, Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), and Government Holdings Private Limited (GHPL).

According to the notice, the well was spudded in on April 10, 2022, to extract hydrocarbon from the Tolanj West D&PL’s Lumshiwal Formation, which has already been found, and to investigate the hydrocarbon potential of the Lockhart, Shinawari, and Samanasuk Formations (as exploratory targets). The well was successfully drilled to a depth of 4119.34 metres, according to OGDCL.

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The Lockhart Formation (exploratory target) was tested successfully at a rate of about 8.3 million standard cubic feet per day (MMSCFD) of gas and 34 barrels per day (bpd) of condensate at choke size 32/64” at wellhead flowing pressure (WHFP) of 1285 pounds per square inch, according to interpretation results of wireline logs data (Psi). According to OGDCL, the recent discovery has reduced the risk of an exploratory play in the Tal block, opening up new potential for growth.

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The aforementioned development, which follows a comparable hydrocarbon discovery in the Tal block in August, will also add to the hydrocarbon reserves base of the company, its joint venture partners, and the nation. It will also help improve the energy security of the country by utilising indigenous resources. OGDCL first reported the discovery of oil and gas reserves from its exploration wells in Sindh and Punjab back in June.