OGDC Finds More Gas and Condensate in KP

Oil & Gas Development Company Limited (PSX: OGDC) has made a gas and condensate discovery in the Samanasuk formation, an exploratory zone, at the Bettani-02 (Slant) well-located in District Laki Marwat, Khyber Pakhtunkhwa Province. The company made news of this in a stock filing to the main bourse on Friday. OGDC is the operator of the Wali Exploration License with a 100 percent working interest. Bettani-02 (Slant) well was spudded in as an appraisal well and drilled to a depth of 5,080 meters into the Shinawari formation. During drilling, a 247-meter-thick Samanasuk formation (exploratory effort) was penetrated. Cased Hole DST-1 was carried out, and the well flowed at a rate of 2.14 Million Standard Cubic Feet per Day (MMSCFD) of gas and 74 barrels of condensate per day (BCPD) on a 32/64″ choke with a wellhead flowing pressure of 435 psi. Based on initial testing results, the discovery marks the first-ever hydrocarbon found in the Samanasuk formation within the Wali Exploration License. This discovery has further extended the hydrocarbon play area in the southwestern part of the Bannu Basin and de-risked the exploration potential of deeper reservoirs, for which OGDCL has formulated a comprehensive exploration program, the filing added.