Oil and Gas Development Corporation Limited (OGDCL) on Friday announced discovery of new reserves of gas and condensate in Betani exploration well located in Lakki Market district of Khyber Pakhtunkhwa. A spokesman of Oil and Gas Development Corporation Limited said that this is the first discovery of hydrocarbon in Samanasic formation in Wali Block. Samanasik Formation will produce 2.14 million standard cubic feet gas and 74 barrels condensate per day, the spokesman concluded as saying. Earlier in March 2024, Oil and Gas Development Company Limited had discovered oil and gas reserves in Khyber Pakhtunkhwa. OGDCL has discovered oil and gas reserves in the Kohat Block in KP. Drilling was done to a depth of 2,600 meters on Tog-2 well in Kohat district.

Credit: Independent News Pakistan (INP)