OMV announced Monday that gas has been discovered in the Latif South-1 exploration well, located in Pakistan’s Latif exploration license.
The presence of hydrocarbons was proven at the well through wireline logging and testing operations. During testing, the Latif South-1 well flowed at a rate of 2,500 barrels of oil equivalent per day (15 million cubic feet of gas per day), although the company has stated that “further appraisal work is needed to confirm the size of the discovery”.
Johann Pleininger, OMV executive board member responsible for upstream, commented in a company statement:
"We are very pleased with this exploration success. The appraisal and development of this discovery will potentially enable us to enhance the production in Pakistan."
OMV (Pakistan) Exploration Gesellschaft m.b.H. holds a 33.4 percent share in the exploration license. Joint venture partners Pakistan Petroleum Limited and Eni Pakistan (M) Limited both hold a 33.3 percent interest.
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