AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, commenced production of oil and gas from its Kunnar West Well-3 located in Hyderabad district, Sindh.

The E&P shared this development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

“We are pleased to announce that Kunnar West Well-3 has been successfully brought into production at a wellhead flowing pressure (WHFP) of 1200 PSI with a choke size of 32/64”.

Sharing production details, OGDCL said the current output is 3.5 million standard cubic feet per day (mmscfd) of gas, 30 barrels per day (bpd) of condensate, and 3.8 metric tons per day of LPG.

The gas has been seamlessly integrated into the Sui Southern Gas Company Limited (SSGCL) network, it added.

Kunnar West Field is part of the Kunnar Mining Lease, located in the Hyderabad district of Sindh. OGDCL operates it with a 100% working interest.

“This accomplishment underscores OGDCL’s commitment to operational excellence and its vital contribution to enhancing Pakistan’s energy landscape, further solidifying its position as a leader in the hydrocarbon sector,” the E&P stated.

In October, OGDCL commenced oil and gas production from its exploratory well Baloch-2, located in Sanghar district of Sindh.

ODGCL is the largest E&P in Pakistan with operations including exploration, drilling operation services, production, reservoir management, and engineering support.

The company has the most extensive exploration acreage in Pakistan, covering over 40% of the country’s total acreage awarded with net hydrocarbons of oil and gas.

With over 67%, the Government of Pakistan is the largest shareholder in OGDCL, followed by the OGDC Employee Empowerment Trust and Privatisation Commission of Pakistan.

Comments

200 characters
Pakistani Dec 19, 2024 05:13pm
This is great news. Will the people of Hyderabad and Sindh see any direct benefit through jobs, infrastructure, social services from this income by OGDC?
thumb_up Recommended (0) reply Reply
NAVEED Dec 20, 2024 03:02am
impacts must be evident for people to feel and see.
thumb_up Recommended (0) reply Reply