Oil & Gas Development Co., Ltd. : DISCOVERY OF GAS AT ZIN X-1 WELL

By the grace of Almighty Allah, Oil & Gas Development Company Limited (OGDCL), Operator (with 95% working interest) in Zin Exploration License, together with its Joint Venture partner Government Holdings Private Limited (5% carried working interest) has discovered a hydrocarbon bearing horizon in its exploratory well Zin X-1, located in District Dera Bugti, Balochistan. Zin X-1 well was drilled down to the depth of 2300 M targeting to test the hydrocarbon potential of Pab Sandstone and Sui main limestone formations. Significant reserves of hydrocarbons have been found at Zin X-1 well. The first targeted zone Pab Sandstone of Cretaceous age has tested 5.48 MMCFD gas through 32/64" choke at well head flowing pressure 1050 Psi. This discovery will add to the hydrocarbon reserves' base of the company and its joint venture partner.