By the grace of Almighty Allah, the Joint Venture of Sinjhoro Block compnslng
Oil and Gas Development Company Limited (OGDCL) as operator (76%), Orient Petroleum
Inc. (19%) and Government Holdings (Private) Limited (GHPL) (5%) has discovered Oil and
Gas from an exploratory well namely Kot Nawab-1 which is located in District Sanghar,
Sindh Province.
Kot Nawab-1 was spudded-in on June 03, 2022 as an exploratory well by using
OGDCL's in-house expertise. The well was drilled down to 3000 meters. Based on the results
of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 125 Barrels of
Oil Per Day (BOPD) & 0.483 Million Standard Cubic Feet per Day (MMSCFD) Gas and 400
Barrels of Water per Day (BWPD) through choke size 28/64" at Well Head Flowing Pressure
(WHFP) of 150 Pounds per Square Inch (Psi).
The said discovery is the 11th discovery in Sinjhoro Block which shows the
commitment of Sinjhoro JV to exploit the hydrocarbon (HC) potential of the block and
aggressive exploration strategy. It has opened a new avenue and will positively contribute to
mitigating energy demand and supply gap from indigenous resources and will add to the
hydrocarbon reserves base of OGDCL and the Country.
The above information is submitted in compliance of Section 96 of the Securities Act,
2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members
please
