ISLAMABAD, Mar 12 (APP): Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December 31, 2022.<\/p>\n
\u201cOGDCL has spud 4 wells including 3 exploratory wells; Shahpurabad-1, Chak 20-1 and Gaja Wah-1 and 1 development well; Chanda-7, and it discovered three oil and gas reserves in Toot Deep-1 in district Attock, Punjab province and Chak 5 Dim South-3 and Kot Nawab-1 in district Sanghar of Sindh province,\u201d according to the company\u2019s first-half financial report for the year 2022-23 available with APP.<\/p>\n
Moreover, the company completed the drilling and testing of six wells pertaining to previous fiscal years.<\/p>\n
During the period under review, OGDCL produced around 33,061 BOPD, 772 MMCFD gas and 730 TDP LPG.<\/p>\n
The production witnessed a little decline as compared to 36,788 Barrel per Day (BPD) oil, 827 Metric Million Cubic Feet per Day (MMCFD) gas, and 814 Tons per Day (TPD) Liquefied Petroleum Gas (LPG) during the same period of the year 2021-22 due to certain reasons.<\/p>\n
The company said it, being the national flagship of the country\u2019s Exploration and Production (E&P) sector, was making all-out efforts to play a pivotal role in enhancing the energy security of Pakistan.<\/p>\n
\u201cIn this context, the company during July 2022 to December 2022 contributed around 46 percent, 29 percent and 37 percent towards the country\u2019s total oil, natural gas and LPG production respectively,\u201d it said.<\/p>\n
As of December 31, the company operated 49 exploration blocks, out of which 23 were with 100 percent share and 26 under joint ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Mar 12 (APP): Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December […]<\/p>\n
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