Staff Reporter
Islamabad
The Oil and Gas Development Company Limited (OGDCL) has said that it would pay arrears of Uch Gas Field, located in Dera Bugti of Balochistan province, to landowners as per the lease extension from January 1, 2018 on usual terms, rejecting some media reports which were based on ‘incomplete information.’
Sharing the factual position, the company said Uch Gas Field in Dera Bugti was one of its major fields with average daily production of 330 Million Cubic Feet (MMCF) generating annual revenue of Rs 28 billion through sale of gas.
“The field contributes 1/3rd of the total gas production of the company. Uch Gas Field is a strategic asset and plays significant role in mitigating country’s energy demand,” OGDCL said in a news release.
The company installations at the field include thirty one wells, plant & allied facilities, offices and residential enclave. “The field is situated in a security sensitive area. In order to ensure uninterrupted and optimum operations, OGDCL has deployed elaborate security setup there.”
Under an arrangement agreed with late Nawab Akbar Khan Bugti, OGDCL initially in the year 1995 had obtained 730 acres which was subsequently enhanced to 1325 acres land.
