Oil and Gas discovered in Kohat KPK
The Joint Venture of Chanda D&PL comprising Oil & Gas Development Company Limited (OGDCL) as operator with 72 percent shares, Government Holdings (Private) Limited (GHPL) with 17.5 percent and Zaver Petroleum Corporation (Private) Limited (ZPCL) with 10.5 percent shares have discovered crude oil and gas from its development well No 05, which is located in District Kohat, Khyber Pakhtunkhwa Province. This is the first discovery of crude oil and gas from “Wargal Formation” in Chanda Oil Field.
The structure of Chanda Well No 05 was drilled and tested using OGDCL’s in house expertise. The well was drilled down to the depth of 5440 meters. The well has been tested 76 barrels Per Day (BPD) Crude oil and 0.512 Million Standard Cube Feet per Day (MMSCFD) of gas.
The discovery of Chanda Well No 05 is the result of aggressive exploration strategy adopted by the Company. The discovery of oil and gas at deeper prospects would certainly add to the hydrocarbon reserves base of the OGDCL and of the country.
