Petroleum Exploration (Pvt) Ltd (PEL), a private sector Pakistani company, has made a significant discovery of oil and gas in its Badin South IV Concession Block.
The well named as Ayasha-1 was spud-in on December 31, 2013, and completed on February 14, 2014, after achieving the target depth of 2400 meters.
The well flowed 11.32 MMCFD of good quality natural gas with a heating value of 967 BTU. Well also flowed 115 barrels of 57o API condensate per day with a well head pressure of 2000 PSI. In Badin South IV Block alone PEL had acquired 150 line km 2D seismic data and acquired 3075 Line km 2D seismic data and 630 km2 3D seismic data form Directorate General of Petroleum Concessions.
The well is being put into production and being connected with the main gas distribution system without any loss of time. The discovery augurs well for the energy starved nation and will act as stimulant for further exploration in the region. PEL is the operator and holds 47.5 interest while other working interest owners in the Block are Frontier Holdings, a subsidiary of Jura Energy (Canada) 27.5pc and Gulf Petroleum International (Kuwait) 25 percent.
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