ISLAMABAD: Oil and Gas Development Company (OGDCL) is confident to achieve its target of drilling 31 new wells set for the current financial year.
Under the target, the company has to dig 31 wells in all four provinces and it will hopefully be achieved by the end of June, official sources in the company said.
Presently, they said 17 wells were under the drilling process, adding that nine new wells had been spud and five were in the testing phase.
In next month, six more drills would be carried out and the company would complete all the process by June 2016. They informed that around 125 mmcfd (million cubic feet gas per day) gas would be added to the system and 380 metric ton plant of liquefied petroleum gas (LPG) would also be installed in March this year.
They said OGDCL had recently made two significant oil and gas discoveries in Khyber Pakhtunkhwa and Sindh.
The company discovered reservoir of 35.7 mmcfd gas in its Thal East I concession and it would be added in the system soon.
While the second discovery of 1,032 barrels oil per day had been made in Nashpa field Karak district of Khyber Pakhtunkhwa.
Currently, the sources said the company had 24 exploration licences and it was actively busy in exploration and production activities in Balochistan, where some areas were inaccessible earlier.
OGDCL had also initiated 2D and 3D seismic data surveys in eight blocks in the province to step up its oil and gas exploration activities.
