OGDCL Discovers Gas at Khamiso-1 Prospect in Guddu Block in Pakistan

Canada's Jura Energy Corp. reported Thursday a gas discovery at the Khamiso-1 exploration well in the Guddu Block in Pakistan.

The well, drilled to the total depth of 2,470 feet (753 meters) in the Pirkoh Limestone formation of Eocene age, encountered gas flow at an average of 2.95 million cubic feet per day during a short duration pre-stimulation test on a 32/64 inch choke.

The gas has a heating value of around 697 British thermal unit (Btu) per standard cubic feet, with average wellhead flowing pressure of 505 pounds per square inch. A rigless post completion acid stimulation test is expected in the next few days.

Jura, which holds a 13.5 percent interest in the Guddu Block operated by Pakistan's Oil and Gas Development Co. Ltd. (OGDCL), said future production from the Khamiso-1 gas find could fetch a gas price of $3.75 per million Btu, based on carriage and freight crude oil price of $45 per barrel, under the Pakistan Petroleum (Exploration & Production) Policy, 2012.



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