ISLAMABAD – Oil and Gas Development Company Limited (OGDCL) has made fourdiscoveries during the last three months with accumulative potential toproduce 886 Barrels per Day (BPD) oil and 26.432 Million Standard CubicFeet per Day (MMSCFD) gas.
Due to aggressive exploration strategy, the company found three hydrocarbondeposits in collaboration with its partners in different areas of KhyberPakhtunkhwa (KP) and one in Sindh, official sources told APP.
The OGDCL made a find having potential to produce 9.12 MMCFD gas and 520BPD oil in district Sanghar province in July, while it discovered threereservoirs in Kohat district of KP with initial flow of 12.7 MMSCFD gas and240 BPD condensate in August, around 76 BPD crude oil and 0.512 MMSCFD gasin September and 50 BPD oil and 4.1 MMSCFD gas in October.
Commenting on the last year’s performance, the sources said the companyinjected 13 new wells, producing 373,515 barrels crude oil and 4,867Million Cubic Feet (MMCF) gas, in its production gathering system duringthe fiscal year 2018-19.
“The company contributed around 45 percent and 29 percent towards thecountry’s total oil and natural gas production respectively,” he added.
During the period, the company also acquired 1,324 Line-Kilometer 2D and620 Square-kilometer 3D seismic data, which represented 63 percent and 41percent, respectively of total seismic data acquisition in the country.
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The OGDCL drilled 16 new oil and gas wells including nineexploratory/appraisal and seven development, which yielded threediscoveries namely Chanda-1 and Mela-5 in district Kohat, KPK province andMangrio-1 in district Tando Muhammad Khan, Sindh province.
In a bid to tackle natural decline and maintain production from maturewells, the company carried out successful work over job-with-rig atKunnar-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 tothe corresponding year due to starting production from Bitrisim, Nashpa andKunnar Pasakhi Deep fields.
With a portfolio of 43 exploration licences, the company has the largestexploration acreage in the Pakistan, covering 24 percent of the totalawarded acreage as of June 30, 2019. Currently, all production volumes arebeing realized from onshore areas of the country, while it also has workinginterest offshore exploration blocks.
