Page 58 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Directors’ Report
Exploration &
Development Activities
Producing Fields
At Balkassar lease (100% owned by POL),
Balkassar Deep-1A has been finalised as
replacement of Balkassar Deep-1 and it will be
spudded during this year.
Khaur lease (100% owned by POL), Khaur
North-1 well was sidetracked from the depth of
6,592 ft and reached to a total depth of 8,666 ft,
tested within the un-tested overturned fault but
no hydrocarbons were found. The well has been
plugged and abandoned.
At Pindori lease (operated by POL with 35%
share), evaluation on the prospectivity of
Chorgali formation in the Pindori-9 well is under
consideration.
At Tal block, (operated by MOL, where POL
has a pre-commerciality share of 25%), Tolanj
West-2 a development well has been spuded
on April 11, 2022 drilled down to target depth
and is currently under testing. As a result of Drill
Stem Test, the well has tested 12.7 MMscf of gas
per day, 11.3 barrels of crude per day, and 902
barrels of water per day at 32/64” fixed choke
size at the flowing wellhead pressure of 1,914
psi. Production from the well is expected to start
from December 2022.
At Adhi field (operated by Pakistan Petroleum
Limited, where POL has 11% share), Adhi South-7
has been spudded on April 14, 2022 drilled down
to its target depth, initial testing results were
500 barrels per day of oil and 0.5 million cubic
feet of gas per day at 28/64” choke size with
flowing well head pressure of 360 psi.
Adhi South-5 was spudded on June 30, 2022 and
its target depth is 12,401 ft, presently drilling at
11,079 ft is in progress.
Adhi-35 and Adhi South-6 have been planned in
the financial year 2022-23.
Exploration Blocks
At Ikhlas block (operated by POL with 80%
share), Jhandial 3D seismic data processing up
to Pre Stack Depth Migration (PSDM) level is in
progress. On the basis of PSDM interpretation,
well location of Jhandial-3 will be decided.
Langrial 3D seismic acquisition of remaining 166
square kilometers is in progress.
At DG Khan block (operated by POL with 70%
share), DGK-1, exploratory well was spudded on
October 16, 2021 and drilled to a depth of 12,601
feet, penetrating full sequence of one of the
main target i.e., the Chiltan formation.
Further drilling at DGK-1 well was carried
out and well achieved its target depth and
preparation of well logging is in progress. After
taking well logs, further course of action will be
decided to test the deeper formation.
Remaining leads of DG Khan block are under
evaluation.
North Dhurnal block (operated by POL with
60% share) was awarded on October 13, 2021.
A technical workshop was held to conduct a
seismic data review session.
At Kirthar South block (operated by POL with
51% share), 34% share has been farm-out to
Polish National Oil and Gas Company (PGNiG)
and Assignment Agreement has been submitted
to the Government for its approval. Well staking
of Bandhak-1 well and its access route survey
have been completed and waiting for the
Government’s approval to start construction
work.
At Margala block (operated by MOL where POL
has 30% share), Tarnol-1 (an exploratory well)
has been finalized. Land acquisition/Civil works
for the drilling site is in progress.