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HongKong Based Company discovered New Area For Hydrocarbon Exploration in Pakistan

admin-augaf by admin-augaf
December 24, 2024
in Business, Finance
Reading Time: 1 min read
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Islamabad December 24 2024: United Energy Pakistan gas discovery in Takri-1 opened a new avenue for exploration hydrocarbon potential in the province of Sindh.

“The Takri-1 discovery opened a new avenue for exploring the hydrocarbon potential of Paleocene Khadro sands in the region. This discovery will add additional hydrocarbon reserves and enable the energy sector to reduce the current energy crisis in the country and will save foreign exchange for the country through indigenous hydrocarbon production” states Pakistan Petroleum in its filing to the Pakistan Stock Exchange.

Kotri North Joint Venture comprising of United Energy Pakistan Limited (Operator with 50% working interest) along with Pakistan Petroleum Limited (40% working interest) and Asia Resources Oil Limited (10% working interest), has discovered hydrocarbons from its exploratory well Takri-1, located in District Jamshoro, Sindh Province.

The exploration well Takri-1 was spudded on 11 November 2024 and drilled down to total depth of 4,156 ft (Measured Depth) to test the hydrocarbon potential of Late Cretaceous/ Early Paleocene Sands. Based on the encouraging results of wireline logs and drilling data, Modular Dynamic Testing (MDT) was conducted against the promising zones, confirming the presence of hydrocarbons in the interbedded sandstones of Khadro Formation (Paleocene Age). Based on MDT results, the well was perforated & completed in Khadro Formation. Completion Integrity Testing (CIT) was conducted and hydrocarbons were flowed at a rate of ~2.4 Million Standard Cubic Feet Per Day (MMscfd) gas against Flowing Wellhead Pressure (FWHP) 1,053 psig, at 20/64″ choke.

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