OGDCL Discovers More Gas Reserves in Kohat
The Oil and Gas Development Company Limited (OGDCL), as the operator (97.5 percent) of Baratai Block has discovered gas and condensate from its Exploratory Well Siab-1, which is located in District Kohat, Khyber Pakhtunkhwa Province.
In a notification to the Pakistan Stock Exchange, the company announced that the structure of Siab-1 was drilled and tested using OGDCL’S in house expertise. The well was drilled down to a depth of 5500 meters.
Based on open hole logs data, the well was tested at a rate of 1.6 Milion Standard Cubic Feet per Day (MMSCFD) of gas and 12 Barrels per day (BPD) of condensate through 32/64″ choke at Well Head Flowing Pressure of 190 Pounds per square inch (PSI) from Samanasuk Formation.
Nigeria: San Leon Energy provides update on its investment in the Oza field
15 Dec 2020
Decklar Petroleum and the
Oza field in Nigeria, San Leon has announced that the parties have agreed to extend the completion date to early in the new year.
As previously announced, worldwide restrictions put in place in response to the Covid-19 pandemic have slowed the logistical process in concluding the conditions precedent in the Subscription Agreement. Nevertheless progress continues to be made and the trading subsidiary of a major oil company, which along with a local Nigerian bank, is to provide a five year term debt to Millenium Oil and Gas Company Limited, Decklar s local partner, has provided a further written confirmation of its support of the transaction. Given the proximity of the Christmas holiday period, the parties have decided to review the status of the outstanding conditions in the new year and assess at that time what remains outstanding.
M/S Nirmal Cabs vs The Chief General Manager on 9 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.