Pakistan Petroleum Ltd. (PPL), the operator of Gambat South Block (2568-18) with a 65% working interest, and its joint venture (JV) partners Government Holdings Private Ltd. (25%) and Asia Resources Oil Ltd. (10%) have made a gas and condensate discovery over its exploration well Sharf X-1 located in the Sanghar District in Sindh, Pakistan. This is the third discovery in the block after gas and condensate discoveries from Wafiq X-1 and Shahdad X-1, a PPL press release said.
The JV’s exploration well Sharf X-1 was spud on April 18 and reached final depth of 3,730 m (12,238 ft) on July 6. Based on wireline logs, potential hydrocarbon-bearing zones were identified and are under testing. Initial testing in the massive sand of Lower Goru Formation flowed 1.2 MMcm/d (42 MMcf/d) of gas along with 199 bbl/d of condensate, confirming the presence of commercial quantities of natural gas and condensate at the well, the release said. Two additional zones have been identified and will be tested later.
Recommended Reading
Marketed: Delta Minerals Non-producing Sale in Colorado
2024-05-02 - Delta Minerals LLC has retained EnergyNet for the sale of non-producing minerals in Bent, Cheyenne and Kiowa counties, Colorado.
NuStar Energy Unitholders Approve Merger with Sunoco
2024-05-02 - The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
2024-05-02 - A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
2024-05-01 - Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
Comstock Adds Four Whopper Wildcats; Takes Western Haynesville to 450K
2024-05-01 - Comstock Resources' four newest wells, which IP’ed at more than 35 MMcf/d, were landed at up to 19,400 feet total vertical depth.