Oil and Gas Development Company (OGDC) has informed Pakistan Stock Exchange (PSX) that it being the operator of Wali Exploration Licence with 100 percent working interest has made a gas and condensate discovery over Hangu Formation from its exploratory efforts at Wali#01 well which is located in FR Lakki, Khyber Pakhtunkhwa.
Wali#01 well was spudded-in on 2nd December 2019 as an exploratory well and drilled down to total depth of 4,727m (measured depth) inside Kawagarh Formation. Based on the good oil/gas shows during drilling, interpretation of open whole logs data, successfully testing was carried out in Kawagarh Formation, which proved to be gas/condensate discovery.
Now, Drill Stem Test (DST) #2 has been performed in Hangu Formation. The well flowed at the rate of 11.361mmscfd (million standard cubic feet per day) gas and 895bpd (barrels per day) condensate with Well Head Flowing Pressure (WHFP) of 2800 pound per square inch (PSI) at 32/64 inch choke size.
It is highlighted that this gas/condensate discovery has further extended the hydrocarbon play area on the south western part of Bannu Basin.