OGDC hits oil in Karak

[LahoreEstate]

Sunday, September 13, 2009
By our correspondent

KARACHI: The Oil & Gas Development Company (OGDC), operator of Nashpa E.L., together with its joint venture partners i.e. PPL and GHPL, has discovered hydrocarbon reserves in the Lockhart Zone of recent discovery made in Nashpa 01 well located in District Karak of NWFP province.

According to a press statement, Nashpa 01 well was spuded on June 29, 2008 and drilled down to the depth of 4,384 M. Initially, one of the potential zones, middle Lockhart was tested on August 31, 2009 which flowed 3,000 bbls/day of crude oil and 9.7 mmscfd of gas.

Subsequently, testing of additional zones continued which resulted in finding of significant reserves of hydrocarbons at upper Lockhart. Initial testing of this zone conducted on September 01, 2009 has produced about 4,200 barrels of oil per day and 17 million of gas per day, the statement added.

http://thenews.com.pk/daily_detail.asp?id=198125