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KARACHI/LONDON - Oil and Gas Development Company Limited (OGDCL) announced Friday that the Makori Deep-3 Development Well has successfully tested for hydrocarbon production, yielding significant gas and condensate outputs.
The well, located within the TAL Joint Venture operated by MOL, produced 22.08 million standard cubic feet of gas per day (MMSCFD), 2,112 barrels per day of condensate, and 15 barrels per day of formation water. These results were achieved on a 32/64" fixed choke at a flowing wellhead pressure of 4,744 psi from the Lockhart Formation.
Drilling operations for the well commenced on December 12, 2024, and reached a final depth of 3,887 meters before testing was completed.
OGDCL holds a 27.763% working interest in the development phase of this block, according to the company’s press release statement.
The announcement was made in compliance with Section 96 of the Securities Act, 2015 and regulations of the Pakistan Stock Exchange Limited. OGDCL is listed on both the Pakistan Stock Exchange and the London Stock Exchange (LON:LSEG).
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