Oil and Gas Development Company Limited (OGDCL) on Tuesday announced the discovery of gas and condensate in its exploratory well Sail-I in Hyderabad district of Sindh. According to preliminary testing, 1.146 million standard cubic feet per day (mmscfd) of gas and 680 barrels per day (bpd) of condensate were available in the well, which was drilled down to the depth of 2,442 metres, the company said in a statement. OGDCL said the discovery in Sial Well-1 was the result of aggressive exploration strategy adopted by the company, which opened a new avenue and would add to hydrocarbon reserves of the company and its joint venture partners. “It will also contribute to diminishing the supply and demand gap for oil and gas in the country through the exploration and exploitation of indigenous resources,” it said.

Published in The Express Tribune, February 3rd, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.