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Tuesday, December 24, 2024

Home Business E&P companies drill 217 oil & gas wells in 40 months

E&P companies drill 217 oil & gas wells in 40 months

by News desk
January 24, 2022
in Business

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The oil and gas Exploration and Production (E&P) companies, operating in different parts of the coun-try, have drilled around 217 wells including 87 ex-ploratory and 130 appraisal and development during a 40-month period.

As a result of the exploration and development ac-tivities, the companies produced additional 32,496,029 barrel (BBL) oil and 1,436,546 million cubic feet (MMCF) gas in 2018-19; around 28,086,649 BBL oil and 1,316,635 MMCF gas in 2019-20; as many as 27,568,461 BBL oil and 1,279,243 MMCF gas in 2020-21 and 9,295,184 BBL oil and 415,366 MMCF gas in first four months of the current fiscal year.—APP