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Tue 17 Apr 2007 05:05 PM

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OMV strikes gas in Pakistan

European contractor tightens grip on Pakistani energy sector with new gas find.

European oil and gas firm OMV has discovered gas in the Latif 1 exploration well in Pakistan. The company has completed successful testing of the well, located in the Latif exploration block in the country's northern Sindh province.

The find is the first in the area since OMV discovered the Miano and Sawan gas fields, which came on stream in 2001 and 2003 respectively. The Latif 1 discovery is said to be smaller than these fields.

"With the current production of around 20 000 barrels of oil equivalent per day (boe/d) out of around 320 000 boe/d, the assets in Pakistan are a significant contributor to OMV's production portfolio," said Thomas Huemer, of OMV's corporate communications.

The well reached a depth of 3 520 metres and encountered a total of 18.7 metres of net gas in three layers.

The recent discovery, which is operated by OMV (Pakistan) Exploration, a subsidiary of OMV, opens the potential for further discoveries in the vicinity. Further appraisal activities for the area, such as the acquisition of additional 3D seismic and drilling of wells, are envisaged.

"Adjacent to the Latif 1 block lies the Gambat block, where OMV is currently drilling the exploration well Tajjal 1," added Huemer. "In addition OMV is currently exploring the South West Miano 2 block."

Two of the three intervals of the Latif 1 well have been tested, indicating a potential flow of over 1 700 boe/d. The drilling rig has moved off and preparations for further production testing and evaluations are under way.

"As the operator of the Sawan and Miano gas fields, as well as the Kadanwari processing facilities, OMV is now responsible for operating more than 100 000 boe/d, covering approximately 16% of Pakistan's demand for natural gas," said Huemer.

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