Pakistan Petroleum announces sixth discovery at Gambat South

Pakistan Petroleum announces sixth discovery at Gambat South

KARACHI, Pakistan -- Pakistan Petroleum Limited, operator of the Gambat South Block with a 65% working interest (WI), along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25% and 10% WI, respectively, has made another gas and condensate discovery at its exploration well Faiz X-1 located in District Sanghar, Sindh. This is the sixth discovery in the block.

Faiz X-1 was spud on Oct. 17 and reached its final depth of 3,564 m on Dec. 1. Based on wireline logs, potential hydrocarbon bearing zones were identified in the Basal Sand of the Lower Goru Formation, which are under testing.

Initial testing flowed 2,100 bcpd and 11.05 MMscfd gas at 40/64 inches choke size, thus confirming the presence of condensate and natural gas at Faiz X-1.

This discovery will translate into approximately 4,030 boed and foreign exchange saving of $282,000 per day.

The well is being flowed at different choke sizes to measure condensate and gas flow rates, following completion of which the actual flow potential of the well will be determined.