Project Profile
Value: Undisclosed
Location: District Dadu, Sindh province
Production: Bhit, 253 Bpd of condensate and 373 MMcfd of raw gas, Badhra, 25 MMcfd of raw gas
Start-up Year: January 2008
The Bhit gas field was discovered by a subsidiary of Lasmo plc (Lasmo) in 1997. Premier Oil obtained the equity in the concession in January 1999 through the joint venture company Premier Shell Pakistan BV (PSP). Following the de-merger of PSP in 2001, the equity interest of 12% was retained by Premier-KUFPEC Pakistan, the joint venture between KUFPEC and Premier. Subsequent to the demerger of Premier-KUFPEC Pakistan BV, we retained a 6% equity stake in the Bhit gas field. In late 1997, Lasmo commenced an aggressive appraisal programme on the concessions combined with seismic data acquisition. The Bhit partners signed a gas sales and purchase agreement (GSPA) with SSGCL in November 2000 for 270 mmcfd and initial gas sales were achieved in late December 2002. A supplemental GSPA to increase the Bhit ACQ from 270 mmcfd to 300 mmcfd has since been signed by the gas buyer SSGCL and joint venture partners.
The Badhra field was discovered by the Bhadra-1 well, drilled by a subsidiary of the Hunt Oil Company in 1958/1959, and was plugged and abandoned at a depth of 1,333 metres.
Badhra-2, located three km to the north of Badhra-1, was drilled by Lasmo in late 1998 to a depth of 3,495 metres. Wire line logs and gas shows indicated the presence of a gas column, and a test of an 11 metres thick interval produced gas at rates of up to 10.4 mmcfd. The Mughal Kot sandstone had not previously been encountered in the Kirthar fold belt, and represented a new play in the area. The Badhra field was appraised in 2003, which formulated the basis of the field development plan. The Pakistan Government approved the field development plan in January 2004 and the field started producing in January 2008. Further field development is tied to Bhit Phase-2 development. Bhit is producing 253 Bpd of condensate and 373 MMcfd of raw gas whereas, Badhra\'s production is 25 MMcfd of raw gas only.
Eni, through its subsidiary Eni Pakistan Limited, is operator of the block with a 40% stake in the development phase, together with partners Premier Oil Plc. (6%), Kufpec Pakistan limited (34%) and Oil & Gas Development Company Limited (20%)
Operators:
ENI: Operator with 40% interest
Premier Oil: 6% interest
OGDCL: 20% interest
KUFPEC: 34% interest