OGDCL has discovered huge oil and gas reserves in the Wali block near Lakki Marwat in KP, biggest one in the last decade.
According to the top sources in the Energy Ministry told the media on Sunday that Pakistan’s prime oil and gas exploration company OGDCL has discovered huge oil, gas reserves in KP.
The sources said, “The Wali block reserves are considered equal or more than the reserves found in the Nashpa field. The Nashpa reserves are equal to 95 MMBOE (million barrels of oil equivalent). Once the Wali block is developed with at least nine to ten wells, the country will be able to get 100-150 mmcfd gas.”
OGDCL spokesman Ahmad Hayat Lak confirmed the development and said that the company has discovered a huge find of oil and gas in the Wali block but he refused to share the details.
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The sources further said: “We are at present working at a well, namely Wali-1, wherein the OGDCL experts have found three formations that include Kawagar, Hungu and Lockhart. In the Kawagar formation, there is gas of 11 mmcfd with 1,000 barrels per day, while in the Hungu formation, 11 mmcfd gas with 950 barrels per day oil and in the Lockhart, the OGDCL has found 14 mmcfd gas with 1,000 barrels per day crude oil. And this is how 36 mmcfd gas and 2,950 barrels per day crude oil in total, the OGDCL will get from just three formations in the Wali-1.”
He added, “However, the Wali block is large in size and the seismic studies have identified huge gas and oil reserves in this block. We have to carve out the development plan in the whole block in the next four to five years, under which the OGDCL will have to dig out more wells in this block.”
Furthermore, “We are also going to dig another well named Wali-2 as an appraisal well, which will further reinforce the existence of oil and gas reserves,” the sources said.
