Oil Discovery in Attock District of Punjab Further Extends Hydrocarbon Play Area in Pothohar Basin

Strategic Insights -

The Oil and Gas Development Company Limited (OGDCL) has announced the discovery of oil reserves from its exploratory well, Toot Deep-1 Well, located in the Attock district of Punjab. The well, operated by OGDCL with a 100% working interest, has discovered oil at a rate of 882 barrels per day and 0.93 million standard cubic feet per day (MMSCFD) gas at a well head flowing pressure of 600 pounds per square inch (psi) at 32/64" choke size. This discovery further extends the hydrocarbon play area in the Pothohar basin, and OGDCL's aggressive exploration strategies have resulted in several hydrocarbon discoveries.

Key Takeaways:

  • The Oil and Gas Development Company Limited (OGDCL) has made an oil discovery at the rate of 882 barrels per day from its exploratory well, Toot Deep-1 Well, located in the Attock district of Punjab.
  • The well, operated by OGDCL with a 100% working interest, has also discovered gas at a rate of 0.93 MMSCFD at the well head flowing pressure of 600 psi at 32/64" choke size.
  • The discovery further extends the hydrocarbon play area in the Pothohar basin, adding to the company's efforts in indigenous oil and gas production.
  • The Toot Deep # 01 Well was spudded-in on December 25, 2020, and successfully drilled down to a total depth of 5,545 meters in Tobra Formation.
  • OGDCL's aggressive exploration strategies have resulted in several hydrocarbon discoveries, contributing positively to the country's oil and natural gas production.
  • The discovery will add to the hydrocarbon reserve base of OGDCL and contribute positively towards oil and natural gas production from indigenous resources of Pakistan.

Statistics:

  • Oil discovery rate: 882 barrels per day
  • Gas discovery rate: 0.93 MMSCFD
  • Well head flowing pressure: 600 psi
  • Choke size: 32/64"
  • Total depth of the well: 5,545 meters
  • Date of spudding-in: December 25, 2020

Sources:

  • Press release issued by Oil and Gas Development Company Limited (OGDCL), October 28, 2022