OMV Announces Gas Discovery in Pakistan

Source: www.gulfoilandgas.com 3/25/2007, Location: Asia

OMV Aktiengesellschaft announced a discovery and successful testing of gas in its Latif 1 exploration well in the Latif Exploration Block in Northern Sindh province/Pakistan. This is an additional discovery in an area where OMV has discovered two major gas fields before, Miano and Sawan, which were brought on stream in 2001 and 2003.

The recent discovery, which is operated by OMV (Pakistan) Exploration GmbH, a 100% subsidiary of OMV, opens the potential for further discoveries in the vicinity. The exploration well reached a total depth of 3,520 m and encountered a total of 18.7 m net gas/condensate pay in three layers at depths of 3,200 to 3,450 m. Further appraisal activities for the area like the acquisition of additional 3D seismic and drilling of wells are envisaged.

Two out of the three intervals were successfully tested in February 2007 confirming the potential of the new reservoir units. Preliminary results show that the well is capable of flowing over 1,700 boe/d (10 mn scf/d) from the tested zones. However, the actual flow potential and size of the field would be determined after a long term test and appraisal of the field.

The drilling rig has moved off and preparations for further production testing and evaluations are under way. Further 3D seismic and appraisal drilling are planned. OMV and its joint venture partners Eni AEP Limited (Eni) and Pakistan Petroleum Ltd (PPL) hold about one third of the Latif Exploration Licence.

Ideal strategic position

The new discovery and the existing infrastructure of the Sawan and Miano fields are located directly between the markets of the two Pakistani gas suppliers, Sui Northern Gas Pipelines and Sui Southern Gas Company, which enables OMV to deliver to both networks. In adding new reserves through exploration activities in this area OMV strengthens its position as strategic hub.


Namibia >>  6/22/2022 - Global Petroleum Limited provides an update on its operations in Namibia and Italy.

Namibia
On 25 April 2022 the Company announced th...

Australia >>  6/20/2022 - MINING company Mineral Resources and joint venture partner Norwest Energy believe their Lockyer Deep gas field could be bigger than expected and have ...

Indonesia >>  6/20/2022 - bp has signed the 30-year Production Sharing Contracts (PSC) for Agung l and Agung ll exploration blocks with the government of Indonesia, following t...
Lebanon >>  6/20/2022 - The deadline for oil and gas companies to submit bids for the Lebanon Second Licensing Round has been extended until 15 December 2022. The PGS Lebanon...

Guyana >>  6/16/2022 - Frontera Energy Corporation, joint venture partner with CGX Energy Inc. in the Petroleum Prospecting License for the Corentyne block offshore Guyana, ...
Norway >>  6/16/2022 - ConocoPhillips Skandinavia AS, operator of production licence 1064, has concluded the drilling of wildcat well 6507/4-3 S in the Norwegian Sea.


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.