Pakistan’s state-controlled upstream player Oil & Gas Development Company (OGDCL) has hit pay with its latest exploration well in the District Khairpur, in the nation’s Sindh Province.
OGDCL said on Friday that the Metlo 1 well discovered gas and condensate.
Metlo 1 was spud on November and reached a depth of 1504 meters in the Upper Goru formation.
The well has tested 1.85 million cubic feet per day of gas, with an additional six barrels per day of condensate and 38 barrels per day of water.
“The discovery of Metlo 1 is the result of aggressive exploration strategy adopted by the company.
"This discovery will add to the hydrocarbon reserves of OGDCL and of the country and will contribute in reducing the gap between supply and demand of oil and gas in the country through the exploitation of indigenous resources,” the company said.
OGDCL operates the project with a 95% interest, together with private players Government Holdings Limited (GHPL) and Sindh Energy Holding Company Limited (SEHCL) with a 2.5% share each.