OGDCL Injects 13 New Wells In Production Gathering System
The Oil and Gas Development Company Limited (OGDCL) has injected 13 new wells, producing 373,515 Barrels crude oil and 4,867 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year
ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Sep, 2019 ) :The Oil and Gas Development Company Limited (OGDCL) has injected 13 new wells, producing 373,515 Barrels crude oil and 4,867 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year.
The company also acquired 1,324 Line-Kilometer 2D and 620 Square-kilometer 3D seismic data, which represented 63 percent and 41 percent, respectively of total seismic data acquisition in the country.
The OGDCL drilled 16 new oil and gas wells including nine exploratory/appraisal and seven development,which yielded three discoveries namely namely Chanda-1 and Mela-5 in district Kohat, KPK province and Mangrio-1 in district Tando Muhammad Khan, Sindh province.
In a bid to tackle natural decline and maintain production from mature wells, the company carried out successful workover job-with-rig at Kunnar-10, Rajian-8, Bobi-3, Kal-1, Sono-4, Jand-1, Thal West-1, Bhambra-1, Palli Deep-1 and Chak Naurang South-1.
During the period, the company's net Liquefied Petroleum Gas (LPG) production stood at 802 tons, showing increase of 16 percent as compared to the corresponding year due to starting production from Bitrisim, Nashpa and Kunnar Pasakhi Deep fields.
Likewise, average daily net saleable gas production remained steady at 1,014 MMCF despite natural decline at mature producing fields and less gas intake at Uch-I field due to "extended ATA and tripping of turbines at UPL-I."With a portfolio of 43 exploration licences, the company has the largest exploration acreage in the Pakistan, covering 24 percent of the total awarded acreage as of June 30, 2019. Currently, all production volumes are being realized from onshore areas of the country, while it also has working interest offshore exploration blocks.