ISLAMABAD, Oct 24 (APP): The public sector company-Oil and Gas Development Company Limited (OGDCL) is effectively contributing to overcome the country’s growing energy needs, spudding four wells during period from July to September 30.
According to an official source, the four wells include two
exploratory or appraisal wells namely Bachani-1 and Bitrism West-1 and two development wells-Qadirpur-55 and Buzdar North-2.
Drilling and testing of 13 wells spud in the previous fiscal year also continued during the reporting period, the source remarked.
The source added the OGDCL was carrying out a comprehensive study through an international consultant to evaluate shale gas, oil and tight gas/oil potential in its operated blocks in order to exploit unconventional oil and gas resources in the country.
In this regard, first phase of the study has been completed while the second phase of the study was currently underway.
The source said the company’s exploratory efforts to discover new hydrocarbon reserves yielded two new oil and gas discovery at Chak Naurang South-1 well in district Chakwal, Punjab province and Aradin-1 well in district Khairpur, Sindh province.
About the production, the source said OGDCL’s average net crude oil production registered at 39,154 barrels per day, net gas production at 1,130 MMcf per day and net LPG production at 267 M. Tons per day was achieved during the period under review