ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), the operator of the Togh and ToghBala Development and Production Lease (D&P.L), on Thursday, announced the successful commencement of production from the Togh-02 well from Lumshiwal-I Formation. The well is situated in the Kohat district of Khyber Pakhtunkhwa.

The Togh-02 well is currently contributing 70 barrels of condensate and 8.0 million standard cubic feet per day (MMSCFD) gas, into the SNGPL’s network.

The OGDCL remains steadfast on its core objective of adding to shareholder value through a growth-oriented business strategy.

Production from the well is projected to provide crucial annual foreign exchange savings in excess of $ 38 million per annum, reinforcing import substitution and strengthening Pakistan’s economy.

Copyright Business Recorder, 2024