OGDCL: Oil, Gas Discovered at Nashpa X-5 Well in Pakistan
Oil and Gas Development Company Limited (OGDCL) announced Thursday that oil and gas has been discovered at the Nashpa X-5 exploration well, located in Pakistan’s Karak District.
The well was drilled to a depth of 16,587 feet and targeted the hydrocarbon potential of the Shinawari, Lumshiwal, Samanasuk and Lokhart formations. The Lokhart formation successfully produced 1,032 barrels of crude oil per day and 0.78 million cubic feet of gas per day through a 32/64" choke at a well head flowing pressure of 600psi.
The discovery is expected to add significant hydrocarbon reserves to the joint venture companies working on the well, as well as Pakistan itself. OGDCL’s partners on the project comprise Government Holdings Private Limited (GHPL) and Pakistan Petroleum Limited (PPL).
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