OGDCL Drilled 22 Wells, Added 18 In Production Gathering System

The Oil and Gas Development Company Limited (OGDCL) has drilled 22 exploratory, appraisal and development wells, besides injected 18 new wells in its production gathering system during the last fiscal year

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Oct, 2017 ) :The Oil and Gas Development Company Limited (OGDCL) has drilled 22 exploratory, appraisal and development wells, besides injected 18 new wells in its production gathering system during the last fiscal year.

"The company also added approximately 1,337,395 barrels crude oil and 9,348 mmcf gas in its pool," official sources told APP. The wells including Qadirpur HRL-II, Kunnar-II, Rajian-9, Nashpa-6 & 7, Unnar-1, Thora Deep- 1 & 2, Pasakhi West Deep-I, Pasakhi East-I, TAY-2, 3 & 4, Dars-I, Dars Deep-I, Dars West-1, 6 Shah-I and Qadirpur-56 have been injected in the existing production gathering system.

While, production testing has been completed at wells including Khamiso-I, Qadirpur-57, Sur Qammar-I, Dachrapur-3 and Chutto-I, they added. During the period, the sources said, the company also carried out successful work-over jobs with rig at wells including Palli Deep-1, Rajian-2,Kunnar-8 & 10, Pasakhi-5, Pasakhi Deep-6 and Sono-8 to arrest natural decline and revive production from mature wells.

As part of preventive maintenance plan, they informed that Annual Turn Around (ATA) of plants were carried out at Sinjhoro, Chanda, Nashpa, Bobi, Uch and Dakhni/Soghri fields. Due to which, the company witnessed an increase of nine percent in its average daily net crude oil production compared to the preceding period.

Besides, it completed pressure build-up survey jobs at various wells of Uch, Bobi, Nashpa, Pasakhi, Sinjhoro and TAY fields to induce improvement in the current well flow parameters. Moreover, they said, in line with its production enhancement strategy, the company focused on completion of ongoing development projects and utilization of latest production techniques to augment oil and gas production from its own and joint venture fields.

As a result, the sources said, the OGDCL achieved its highest ever gross crude oil production of 50,354 bbl per day. The company's average daily net sale-able production of crude oil is around 43,989 bbl, natural gas 1,051 mmcf, Liquefied Petroleum Gas 411 tons and sulphur 39 tons.

Answering a question, they said the company earned Rs 17.009 Billion profit during first quarter of the current fiscal year as compared to Rs 14.631 billion in the same period. The company's net sales revenue increased to Rs 43.962 billion compared to Rs 39.565 billion in the corresponding period of last year.

While, the OGDCL's profit after tax stood at Rs 17.009 billion compared to Rs 14.631 billion in the same quarter, they said.