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Saturday June 15, 2024

OGDCL boosts oil output

By News Desk
May 18, 2024
The office of the Oil & Gas Development Company Limited (OGDCL) in Islamabad. — Facebook/ogdclofficial/File
The office of the Oil & Gas Development Company Limited (OGDCL) in Islamabad. — Facebook/ogdclofficial/File

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan's largest exploration and production company, has increased oil production at its Nashpa Well-10 by 40 percent following optimization initiatives.

The well, located in the Nashpa Development and Production Lease in Khyber Pakhtunkhwa province, is now producing 1,870 barrels per day (bpd) of oil, up from 1,340 bpd previously, the company said in a statement to the Pakistan Stock Exchange on Friday.

“Referring to our previously disclosed information dated September 13, 2023, regarding production enhancement at Nashpa Well-10 through Rigless interventions in the Hangu- Lumshiwal formation, it was reported that the Well’s production had been elevated to 1,340 barrels per day (bpd) of oil," the statement added.

“A further increase in production at Nashpa Well-10 has been achieved through optimization initiatives including rigless interventions i.e. perforation washes in the Datta, Shinawari, Samanasuk, Lumshiwal, and Hangu formations.”Post optimization initiatives by the company, the well yielded an additional oil production of 530 bpd.

“Consequently, the total production from the well has now reached 1,870 bpd of oil and 7.02 mmscfd of gas, which is being injected into the SNGPL network, besides recovery of 10 M ton/day of LPG.”