The Oil and Gas Development Company Limited (OGDCL) has discovered gas and condensate oil from its exploratory-cum-appraisal well, Mangrio 1, in Nim Block located in district Tando Muhammad Khan, Sindh. The OGDCL has 95 percent share in the block and is the operator with 5 percent share holding of Government Holding Private Limited (GHPL).
The structure of Mangrio Well 1 was delineated drilled and tested using OGDCL''s in house expertise. The well was drilled down to the depth of 2,676 meters. The well has tested 10.44 mmcfd gas, 120 bpd condensate through choke size 32/64 inches at Wellhead flowing pressure 2085 psi from lower Gru B-Sand. The company has set a target of drilling 21 wells in current year. The success ratio of discovery of oil and gas deposits is one per three drilling.
The OGDCL is producing 41,251 barrel oil per day and 1,049 mmcfd gas to meet the energy requirement of the country. The company is supplying 845 million tonnes indigenous LPG.
The OGDCL as the largest corporate taxpayer paid Rs 117 billion in Tax Year 2018 in the form of income tax, sales tax, royalty and dividend. The OGDCL is the biggest company in Pakistan not only in E&P sector but all over in Pakistan. The OGDCL is the only public sector company which is registered in London Stock Exchange. The OGDCL indigenously produces 45 percent of oil, 29 percent of gas and 40 percent of LPG in overall production of the country. Prime Minister Imran Khan, while acknowledging the OGDCL''s commitment towards national building, had given appreciation certificate to Managing Director/CEO OGDCL Zahid Mir.
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