Hydrocarbon deposits: OGDC finds new oil, gas reserves in Kohat

[RangeMaster]

By Our Correspondent
Published: September 11, 2018
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Representational image. PHOTO: REUTERS

KARACHI: Oil and Gas Development Company (OGDC) announced a notable discovery of oil and gas deposits in exploratory well Chanda-01 in Kohat district of Khyber-Pakhtunkhwa.

“Well tests showed a flow of 700 barrels per day of crude oil and 2.2 million standard cubic feet of gas per day (mmscfd) … from Hangu and Lumshiwal formations,” OGDC Company Secretary Ahmed Hayat Lak said in a notification to the Pakistan Stock Exchange (PSX) on Monday.

“This is the first discovery of crude oil and gas from Hangu Formation in Chanda oil field,” he added.

OGDCL announces oil and gas discovery in Kohat

OGDC is the operator of Chanda development and production lease with 72% stake. Other shareholders including Government Holdings Private Limited and ZPCL have 17.5% and 10.5% stakes, respectively.

OGDC’s share price dropped 0.10%, or Rs0.15, to close at Rs150.62 with 488,200 shares changing hands in a bearish session at the PSX. Brokerage houses have estimated an increase in the range of Rs0.12-0.16 in earnings per share of OGDC due to the new discovery. Earlier in December 1999, Lak said, Lumshiwal only showed a flow of 150 barrels per day of crude oil.

Published in The Express Tribune, September 11th, 2018.

 

[Fawadqasim1]

700 barrels per day

 

[Death Professor]

Well tests showed a flow of 700 barrels per day of crude oil

What I don't understand is how this is taken as a measurement? I mean when-ever or where-ever any reserve/deposit is found, shouldn't the size of that deposit/reserve be mentioned? I mean the only thing I could take out of this info is that they the have machinery allocated there which could take out 700 barrels per day. Now I don't know how big of a reserve is it? or in how many years it's going to get emptied out? Would really appreciate if some one could shed light on it.

 

[Crystal-Clear]

What I don't understand is how this is taken as a measurement? I mean when-ever or where-ever any reserve/deposit is found, shouldn't the size of that deposit/reserve be mentioned? I mean the only thing I could take out of this info is that they the have machinery allocated there which could take out 700 barrels per day. Now I don't know how big of a reserve is it? or in how many years it's going to get emptied out? Would really appreciate if some one could shed light on it.

kuch ni ha bhai sab chu*** bana rey hain .

 

[Handshake]

From kohat to karak,tal and laki marwat to waziristan all of the land is rich of minerals,oil and gases. Only waziristan minerals is enough for pakistan economy.
Hidden forces capturing all those minings and i wont go much in details because wardi wale naraz ho jaye ge.

 

[New World]

From kohat to karak,tal and laki marwat to waziristan all of the land is rich of minerals,oil and gases. Only waziristan minerals is enough for pakistan economy.
Hidden forces capturing all those minings and i wont go much in details because wardi wale naraz ho jaye ge.

give F to those wardi wala who want to hide things.. we as a Pakistani have right to know what type of minerals are there and of what quantity..

 

[Handshake]

give F to those wardi wala who want to hide things.. we as a Pakistani have right to know what type of minerals are there and of what quantity..

Copper,magnese,cobalt,leed,uranium,antimony,letheum,chromite,sulpher,precious stone gas and oils. Everything is in FWO control and a normal citizen cant work due to 1000 problems.
Copper and antimony has huge demand now and chinese waiting to pay billions on monthly basis. Falyar talpur and her company almost leased pakistan 20% minerals. Wake up buddies our assets arent in good hands.

 

[BijliMamu]

What I don't understand is how this is taken as a measurement? I mean when-ever or where-ever any reserve/deposit is found, shouldn't the size of that deposit/reserve be mentioned? I mean the only thing I could take out of this info is that they the have machinery allocated there which could take out 700 barrels per day. Now I don't know how big of a reserve is it? or in how many years it's going to get emptied out? Would really appreciate if some one could shed light on it.

Exploration department on basis of their studies on potential area calculates hydrocarbon volume. They, then drill a well on the most favorable location. Pn the basis of the result they get after drilling and testing, they update the volumes and so on. If the volume is proved to be economic, they go for develop the area.

 

[Death Professor]

Exploration department on basis of their studies on potential area calculates hydrocarbon volume. They, then drill a well on the most favorable location. Pn the basis of the result they get after drilling and testing, they update the volumes and so on. If the volume is proved to be economic, they go for develop the area.

so did they mention the volume of the oil deposit in the article or did I just miss it? If not then what did they exactly tell in the article or how the info was useful?

 

[Hassan Psy]

Copper,magnese,cobalt,leed,uranium,antimony,letheum,chromite,sulpher,precious stone gas and oils. Everything is in FWO control and a normal citizen cant work due to 1000 problems.
Copper and antimony has huge demand now and chinese waiting to pay billions on monthly basis. Falyar talpur and her company almost leased pakistan 20% minerals. Wake up buddies our assets arent in good hands.

Can you give sone evidence of what u r saying?

 

[BijliMamu]

so did they mention the volume of the oil deposit in the article or did I just miss it? If not then what did they exactly tell in the article or how the info was useful?

The volume per day is mentioned. However, the field economic reserve is not mentioned. 700 barrel per day is good production by the way.

 

[Handshake]

Can you give sone evidence of what u r saying?

What evidence you are asking about? You should visit waziristan and see everything with your own eyes.

 

[AsifIjaz]

From kohat to karak,tal and laki marwat to waziristan all of the land is rich of minerals,oil and gases. Only waziristan minerals is enough for pakistan economy.
Hidden forces capturing all those minings and i wont go much in details because wardi wale naraz ho jaye ge.

can u please back the highlighted statement with facts. advance thanks