During drilling and testing Rizq-1 Exploratory Well, Polish Oil and Gas Company Pakistan (PGNiG) has discovered gas in Kirthar block located 52 kilometres from Dadu.
According to a statement issued on Monday, besides PGNiG, Pakistan Petroleum Limited (PPL) is also having 30 percent working interest in the block.
Rizq-1 well was spudded on October 10, 2014 and drilled up to total depth of 3,173 meters. On the basis of evaluation made through electric logs, geological and drilling data, the production testing was undertaken on May 12, 2015.
During initial testing, Rizq-1 well could not produce commercial volume of gas, however it delivered up to 10.7 MMSCFD Gas from Pab formation of Cretaceous age.
Kirthar block joint venture will shortly commence the process of preparing evaluation work programme which would be implemented for the purpose of declaring commercial discovery over the Rizq discovery area.
The joint venture intends to fast track the development of this discovery which besides providing cash flow to the joint venture would also result in substantial payments to the government by way of statutory payments including royalty and taxes. It is worth mentioning that this is the second discovery in the block, first being Rehman discovery made in year 2012.
Additional, PGNiG has been active in Pakistan since 1997 and Kirthar JV has so far invested approximately US$ 108 million in Pakistan which includes Rehman-1 and Rizq-1 exploratory wells and seismic acquisition in Kirthar Concession.
