OGDCL makes 5 oil, gas discoveries

804
Islamabad

Oil and Gas Development Company (OGDCL) has made five discoveries during the first three quarters of the current fiscal year, with per day estimated production of around 18 Million Cubic Feet (MMCF) of gas and 849 barrels of oil.

The discoveries include Togh Bala-1, Siab-1 (Samanasuk) and Siab-1 (Lumshiwal/Hangu) in district Kohat, KPK province, Lakhi Rud X-1 district Musa Khel, Balochistan province and Sial-1 district Hyderabad, Sindh province, according to the OGDCL’s third quarterly financial report for 2020-21 available with APP.

“The preliminary reserves estimates attributable to the discoveries are 53.03 billion cubic feet of gas and 0.84 million barrels of oil, a combined 10.32 million barrels of oil equivalent,” the company said.

Besides on May 16, the OGDCL announced to make another discovery at X-4 well in Jandran block, located in District Barkhan of Balochistan province, where initial testing indicated 7.08 Million Standard Cubic Feet Per Day (MMSCFD) gas and 0.55 Barrels Per Day (BPD) condensate.

During the nine-month period, the company also injected as many as 12 more operated wells in the production gathering system aimed at tackling the natural depletion in existing reserves and meeting the country’s ever-increasing energy needs.

“Decline in the production was partially mitigated by injection of 12 operated wells in the system including Mela-7, Pasakhi-11, TAY South West-1, Saand-1 & 2, Umair-1, Mangrio-1, Togh Bala-1, Nashpa-10, Pasakhi Deep-6, Pasakhi West Deep-2 and Qadirpur-62 which cumulatively yielded gross crude oil and gas production of 371,918 barrels (BBL) and 6,769 Million Cubic Feet (MMCF) respectively.”—APP