Printer Friendly

UNION TEXAS PETROLEUM ANNOUNCES OIL AND GAS FINDS IN PAKISTAN

 HOUSTON, Nov. 24 ~PRNewswire~ -- Union Texas Petroleum Holdings, Inc. (NYSE: UTH) today reported that its subsidiary, Union Texas Pakistan, Inc., has recently drilled two successful exploration wells that discovered oil and gas in the Badin area of southeastern Pakistan. Union Texas Pakistan, with a 30 percent working interest, serves as operator of a joint venture group which includes Occidental Petroleum (Pakistan) Inc., also with a 30 percent working interest, and Oil and Gas Development Corporation, a Pakistan government-owned company with a 40 percent working interest.
 Located about 160 kilometers southeast of Karachi, the Mahi No. 1 exploration well was tested at a daily rate of 17.3 million cubic feet of gas and 151 barrels of condensate on a one-inch choke with 814 pounds-per-square-inch flowing tubing pressure from a zone in the Lower Goru formation between 4,253 feet and 4,263 feet.
 The Bari No. 2 exploration well, also located about 160 kilometers southeast of Karachi, was tested at a daily rate of 2,122 barrels of oil with a gravity of 42.3 degree API on a 48~64-inch choke with 191 pounds- per-square-inch flowing tubing pressure from a zone in the Lower Goru formation between 2,615 feet and 2,620 feet.
 The Union Texas Pakistan joint venture has actively explored for oil and gas in Pakistan since 1977. The venture currently produces about 18,000 barrels of oil and 140 million cubic feet of gas daily. The Union Texas Pakistan group accounts for approximately 30 percent of Pakistan's total domestic oil output and 10 percent of its gas production.
 One of the nation's largest independent producers, Houston-based Union Texas Petroleum Holdings, Inc. explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic international areas. The company also has petrochemicals interests in the U.S.
 -0- 11~24~92
 ~CONTACT: Carol L. Cox of Union Texas Petroleum Holdings, Inc., 713-968-3258~
 (UTH)


CO: Union Texas Petroleum Holdings, Inc. ST: Texas IN: OIL SU: DSC

WB -- NY031 -- 1002 11~24~92 11:05 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 24, 1992
Words:344
Previous Article:METHODE ELECTRONICS REPORTS 43 PERCENT EARNINGS INCREASE; SETS RECORD THREE- AND SIX-MONTH RESULTS
Next Article:ZENITH, SOUNDESIGN SIGN AUDIO PRODUCTS LICENSING AGREEMENT
Topics:


Related Articles
UNION TEXAS PETROLEUM ANNOUNCES NATURAL GAS DISCOVERY IN PAKISTAN
UNION TEXAS PETROLEUM HAS THREE HIGH BIDS IN ALASKA STATE LEASE SALE
UNION TEXAS PETROLEUM REPORTS DRILLING RESULTS AT KUVLUM PROSPECT IN BEAUFORT SEA
UNION TEXAS PETROLEUM ANNOUNCES THREE DISCOVERIES IN PAKISTAN
UNION TEXAS PETROLEUM AND PARTNERS ANNOUNCE UPDATE OF OFFSHORE ARGENTINA 1995 DRILLING PROGRAM
UNION TEXAS PETROLEUM REPORTS COMPLETION OF 1995 WINTER DRILLING ON ALASKA'S COLVILLE AREA
Union Texas Petroleum Announces Two Oil Discoveries In Pakistan; Company to Drill Exploration Well in Eastern Sindh Area
Union Texas Petroleum Announces Successful Development Well at DZO Unit in Western Venezuela
Union Texas Petroleum Announces Second Enhanced Oil Recovery Project in Azerbaijan
Union Texas Petroleum Announces Oil Discovery in Southeastern Pakistan

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters