Oil and Gas Development Company Limited (OGDCL), operator of Soghri Exploration License (EL) has discovered hydrocarbon bearing horizon from its exploratory well Soghri # 01, located in District Attock - Punjab, Pakistan. Soghri (EL) is 100 percent owned by OGDCL. The structure of well was delineated, drilled and tested utilizing the indigenous expertise.
Soghri # 01 well was drilled down to the depth of 16,076 feet (4,900 meters) targeting to test the potentials of Sakassar, Chorgali, Nammal & Pattala formations.
Singnificant reserves of hydrocarbons have been found at well Soghri # 01. Sakassar, Chorgali, Nammal & Pattala have been tested jointly delivering 17 million cubic feet per day (MMcf/d) of gas and 220 barrels per day of condensate through 32/64 inch choke at well head flowing pressure of 3,275 psi.
This discovery will add to the hydrocarbon reserves' base of the Company, bringing significant saving to the country.
The above is being provided to you in compliance with the requirement of Clause No. (XX) of the Code of Corporate Governance.
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