ISLAMABAD: Pakistan Petroleum Ltd (PPL) on Thursday announced a significant oil and gas discovery in District Attock, Punjab its second successful find in the Dhok Sultan Block, and the second deepest oil discovery in naturally fractured carbonate formations within the Potwar region.

The Karachi-based exploration and production company termed the discovery a major milestone for both PPL and its joint venture partner, Government Holdings (Pvt) Ltd (GHPL).

PPL, which operates the Dhok Sultan Block with a 75pc working interest alongside GHPL`s 25pc, commenced drilling of the Dhok Sultan-03 well on Jan 18. The well was drilled to a total depth of 5,815 metres.

The well produced 1,469 barrels per day of oil and 2.56 million standard cubic feet per day of gas at a Wellhead Flowing Pressure of 1,147 pounds per square inch gauge (psig) on a 32/64` choke.

On a wider 48/64` choke, it yielded 2,113 barrels per day of oil and 4.13 mmsefd of gas at a WHFP of 813 psig.-Staff Reporter