KARACHI - Pakistan Petroleum Limited (PPL), the operator of Gambat South Block with 65 percent working interest (WI) along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 percent and 10 percent WI, respectively, made another gas and condensate discovery at its exploration well Faiz X-1 located in District Sanghar, Sindh.

A statement on Thursday said that this is the fifth discovery in the block after Wafiq, Shahdad, Sharf and Kinza gas and condensate discoveries.

Exploration well Faiz X-1 was spud on October 17, 2014 and reached final depth of 3,564 meters on December 1, 2014. Based on wire line logs, potential hydrocarbon bearing zones were identified in the Massive Sand of Lower Goru Formation, which are under testing. Initial testing flowed 8.46 MMscfd gas along with condensate volume of 115 barrels per day (bbl/d) at 64/64 inches choke size, thus confirming presence of commercial quantities of natural gas and condensate at Faiz X-1. This discovery will translate into approximately 1,300 bbl/d in oil equivalent and foreign exchange saving of USD 78,000 per day.

The well is being flowed at different choke sizes to measure the gas flow rates, following completion of which actual flow potential of the well will be determined.