Saba Javed

Oil and Gas Development Company Limited (OGDCL) produced 33,443 barrels of oil per day, 779 million metric cubic feet of gas per day and 722 tons of liquefied petroleum gas (LPG) per day during the first quarter of the current fiscal year (2022-23). According to information available with WealthPK, the production witnessed a little decline as compared to 37,347 BPD oil, 845 MMCFD gas, and 805 TPD LPG during the same period of fiscal year 2021-22 due to torrential rains.

The company recorded a decrease in overall hydrocarbon production in comparison to the corresponding period of last year as various production-sustaining activities planned in the first quarter had to be deferred due to torrential rains and floods, and natural decline at Sinjhoro, Nashpa, KPD-TAY, Chanda, Mela and Dhok Hussain fields. During the period under review, the OGDCL contributed around 46%, 30%, and 36% towards the country’s total oil, natural gas, and LPG production, respectively.

The company carried out 221 line-km 2D and 21 square-KM 3D seismic surveys in its various operational areas to discover hydrocarbon reserves. It represents 49% of total 2D and 17% of total 3D seismic data acquisition in the country, respectively. Moreover, the OGDCL using in-house resources processed/reprocessed 1,065 line-km of 2D seismic data, besides carrying out an additional 135 line-km of geological fieldwork in Nowshera district of Khyber Pakhtunkhwa province.

On the drilling front, the company spud one exploratory well namely Shahpurabad-1 during the period under review. It also completed the drilling and testing of two wells pertaining to the previous fiscal year. Total drilling recorded during the three months stood at 11,392 metres. The company said it is making all out efforts to recover the deferred seismic activities within the current fiscal year.

Credit : Independent News Pakistan-WealthPk