Page 6 - Environmental News letter

March,2020 www.geolinks.com

International/Local Market News

Pakistan Oilfields Limited discovers

oil and gas reserves in upper

Punjab

Pakistan Oil Limited tested hydrocarbons from its Development Well
Pindori-10 in Rawalpindi, Punjab.
The well has tested 832 barrels per day of oil, 2.76 million cubic feet per
day of gas.

Pakistan Oilfields Limited (POL),
the country's leading oil and gas explora-
tion and production company discovered
oil and gas in upper Punjab, it was learn-
ed on Thursday.

“Pakistan Oilfields Limited (POL), Operator of Indore D&P Lease has tested
hydrocarbons from its Development Well Pindori-10, located in district
Rawalpindi, Punjab," stated the company in a notification to the Pakistan Stock
Exchange (PSX).
The company informed that drilling of Pindori-10 was commenced on January
28, 2019, and achieved its target depth at 13,701 feet. As a result Drill Stem Test
(DST) conducted at the well to test the Lockhart Formation.
After DST, the well has tested 832 barrels per day of oil, 2.76 million cubic feet
per day of gas and 330 barrels per day of water. The company added that the
testing of the well is still in progress.

POL has 35 percent working interest in Pindori D&P Lease while Oil and Gas
Regulatory Authority (OGRA) and the Attock Oil Company Limited hold 50pc
and 15pc share, respectively.