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Monday, November 18, 2024

Home Business OGDCL makes three discoveries in 1st quarter

OGDCL makes three discoveries in 1st quarter

by News desk
November 2, 2021
in Business

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Oil and Gas Development Company Limited (OGDCL) has made three discoveries of hydrocarbon deposits in different areas, having expected cumulative daily production potential of 37 million cubic feet (mmcf) of gas and 2,850 barrels (BBL) of oil, during the first quarter of the Fiscal Year 2021-22.

“The discoveries include Wali-1 (Kawagarh), Wali-1 (Hangu), and Wali-1 (Lockhart) in district FR Lakki, KP province.

Preliminary reserves estimates attributable to these discoveries are 293 billion cubic feet of gas and 15 million barrels of oil, combined 71 million barrels of oil equivalent,” the company said in its official report available with APP.