AGL 38.05 Increased By ▲ 0.48 (1.28%)
AIRLINK 131.26 Decreased By ▼ -1.24 (-0.94%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.72 Decreased By ▼ -0.15 (-1.69%)
DFML 40.82 Decreased By ▼ -0.18 (-0.44%)
DGKC 88.01 Decreased By ▼ -2.15 (-2.38%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 65.99 Decreased By ▼ -0.51 (-0.77%)
FFL 10.35 Increased By ▲ 0.20 (1.97%)
HUBC 108.64 Increased By ▲ 2.24 (2.11%)
HUMNL 14.11 Increased By ▲ 0.71 (5.3%)
KEL 4.80 Decreased By ▼ -0.06 (-1.23%)
KOSM 6.86 Increased By ▲ 0.01 (0.15%)
MLCF 41.40 Decreased By ▼ -0.40 (-0.96%)
NBP 59.59 Increased By ▲ 1.01 (1.72%)
OGDC 180.61 Decreased By ▼ -0.64 (-0.35%)
PAEL 25.40 Decreased By ▼ -0.30 (-1.17%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 145.20 Decreased By ▼ -3.20 (-2.16%)
PRL 23.26 Increased By ▲ 0.04 (0.17%)
PTC 15.30 Increased By ▲ 0.06 (0.39%)
SEARL 67.80 Decreased By ▼ -0.99 (-1.44%)
TELE 7.22 Decreased By ▼ -0.02 (-0.28%)
TOMCL 35.75 Decreased By ▼ -0.25 (-0.69%)
TPLP 7.45 Increased By ▲ 0.05 (0.68%)
TREET 14.09 Decreased By ▼ -0.15 (-1.05%)
TRG 50.50 Decreased By ▼ -0.35 (-0.69%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,764 Decreased By -4.1 (-0.04%)
BR30 29,497 Increased By 97.1 (0.33%)
KSE100 91,789 Decreased By -149 (-0.16%)
KSE30 28,631 Decreased By -112.5 (-0.39%)

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December 31, 2022.

“OGDCL has spud 4 wells including 3 exploratory wells; Shahpurabad-1, Chak 20-1 and Gaja Wah-1 and 1 development well; Chanda-7. OGDCL discovered three oil and gas reserves in Toot Deep-1 in district Attock, Punjab province and Chak 5 Dim South-3 and Kot Nawab-1 in district Sanghar of Sindh province,” according to the company’s first-half financial report for the year 2022-23 available with APP.

Moreover, the company completed the drilling and testing of six wells pertaining to previous fiscal years.

During the period under review, OGDCL produced around 33,061 BOPD, 772 MMCFD gas and 730 TDP LPG. The production witnessed a little decline as compared to 36,788 Barrel per Day (BPD) oil, 827 Metric Million Cubic Feet per Day (MMCFD) gas, and 814 Tons per Day (TPD) Liquefied Petroleum Gas (LPG) during the same period of the year 2021-22 due to certain reasons. The company said it, being the national flagship of the country’s Exploration and Production (E&P) sector, was making all-out efforts to play a pivotal role in enhancing the energy security of Pakistan. “In this context, the company during July 2022 to December 2022 contributed around 46 percent, 29 percent and 37 percent towards the country’s total oil, natural gas and LPG production respectively,” it said.

Comments

Comments are closed.

Usman Jun 17, 2023 03:26pm
It better to gradually Privatize OGDCL through stoxk market Transactions
thumb_up Recommended (0)