ISLAMABAD – Oil and Gas Development Company Limited (OGDCL) has carried out20,004 Line-Kilometer (LKM) 2D and 8,809 Square-Kilometer (SKM) 3D surveysin its operational areas across the country during a six-year period from2013-14 to 2018-19.
The company acquired the seismic data of 1,807 LKMs and 867 SKMs in2013-14, 5,430 LKMs and 1,918 SKMs in 2014-15, 5,336 LKMs and 3,459 SKMs in2015-16, 4,034 LKMs and 1,153 SKMs in 2016-17, 2,073 LKMs and 792 SKMs in2016-17 and 1,324 LKMs and 620 SKMs in 2018-19, according to official dataavailable with APP.
Besides, the OGDCL drilled 126 exploratory/appraisal and development wellsduring the period under review.
Oil and gas Exploration and Production (E&P) companies, operating indifferent hydrocarbon potential areas of the country, have made around 110discoveries during the last five years, with accumulative initial flow rateof 30,383 Barrel Per Day (BPD) oil and 926.6 Million Cubic Feet per Day(MMCFD) gas.
The companies found 83 oil and gas deposits in Sindh, 13 in KhyberPakhtunkhwa, 12 in Punjab and two in Balochistan during the period fromJuly 2014 to October, 2019.
Over two dozen oil and gas companies have spent around Rs400 billion incarrying out E&P activities to increase the national hydrocarbon baseduring 2013-14 to 2017-18.
The companies including Dewan Petroleum, Eni Pakistan, Hycarbex, MOLPakistan, MPCL, Al-Haj, Nativus, New Horizon, OGDCL, OGIL, Tallahassee,OMV, OPL, PAIGE, OMV Maurice, PEL, POL, POGC, PPL,KPBV, RDC, Saif Energy,Tullow, UEPL and Chian ZhenHua incurred billions of rupees under theirrespective “exploration licences/mining/ drilling & production leases.”
As per the data, both the public and private sector firms utilized fundsamounting to Rs77.432 billion in 2013-14, Rs91.722 billion in 2014-15,Rs92.853 billion in 2015-16, Rs67.974 billion in 2016-17 and Rs70.314billion in 2017-18 for E&P activities.
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The OGDCL and MOL Pakistan have collectively produced around 80.345 MillionBarrel (MBL) oil and 700,885 Million Cubic Feet (MMCFT) gas from threedistricts of Khyber Pakhtunkhwa (KP) during the five-year period.
The companies extracted 14.856 MBL oil from their respective Mardankhel,Maramzai,Nashpa, Manzalai, Makori Deep, Makori East, Makori, Chanda, Mela,Mamikhel, Tolanj and Tolang West fields of Hangu, Karak and Kohat districtsin 2013-14.
While, they produced 16.279 MBL oil, 15.851 MBL oil, 17.014 MBL oil and16.344 MBL oil from the same fields during the years 2014-15, 2015-16,2016-17 and 2017-18 respectively.
Similarly, the OGDCL and MOL Pakistan extracted 700,885 MMCFT gas fromtheir respective operational areas of the districts during the period underreview.
The E&P firms produced 135,129.02 MMCFT gas, 131,207.15 MMCFT gas,139,255.21 MMCFT gas, 144,116.48 MMCFT gas and 151,177.59 MMCFT gas duringthe years 2013-14,2014-15, 2015-16, 2016-17 and 2017-18 respectively.
