The state owned Oil and Gas Development Company Limited (OGDCL) has become largest crude oil and natural gas producer with achieving highest ever crude oil production of 48,767 barrels a day and over one Billion Cubic Feet per Day (BCFD) of gas.
According to a statement of OGDCL, the significant milestone was achieved through greater focus on project completion, work-over jobs and development activities over the years.
Company witnessed a phenomenon of growth stagnation in crude oil production during the last five years; however, production numbers are likely to improve in the coming months after completion of ongoing projects.
Pakistan's total crude oil production is around 95,000 barrels per day and OGDCL's share is almost 50%. The crude oil production achieved by OGDCL has never been matched by any foreign or local E&P company operating in Pakistan as the company owns most petroleum/gas concessional blocks in the country. OGDCL's engineers and workers did a commendable job and are vigorously pursuing even higher goals.
The credit for this record production also goes to the board and management for developing an effective growth oriented strategy during a challenging period while oil and gas sector was under tremendous pressure. According to officials the company is the top oil/gas producing company of the country with crude oil production reaching almost 49,000 barrels per day whereas gas production is 1.1 bcfd.
The company has planned to take the gas production to 1.25 bcfd and crude oil production to 50,000 barrels a day by the end of the current year. The official said that within next three months Kunnar Pasakhi will come into production which will be followed by Nashpa.