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Pakistan Oilfields finds new deposits of oil, gas in K-P

KARACHI: Pakistan Oilfields Limited (POL) announced on Tuesday the discovery of additional deposits of oil and gas in a developing well located in the province of Khyber-Pakhtunkhwa (K-P).

“As per information received from MOL, the operator of TAL Block, hydrocarbons have been encountered in a development well in Makori East-06, which has been drilled and is currently under testing phase,” POL Company Secretary Syed Khalid Nafees said in a notification to the Pakistan Stock Exchange (PSX).

As a result of drill stem test (DST) conducted at the well to test the potential of Hungu and Lumshiwal formations, the well has tested 1,817 barrels per day of condensate [oil] and 4.63 MMscf (million standard cubic feet) of gas per day,” he said.


Source: Express News