ISLAMABAD: The state-owned exploration and production company Oil and Gas Development Company Limited(OGDCL) is making tangible efforts to meet the country’s growing energy needs with spudding eight new wells during the half year ended December 31, 2015. According to an official source, these wells included two exploratory or appraisal wells and six development spuded during the same year. Elaborating, the official added that the company’s exploratory efforts yielded two new oil and gas discoveries namely Chak Naurang South-1 in district Chakwal and Aradin-1 in district Khairpur in Sindh. Regarding the exploitation of unconventional oil and gas resources, OGDCL is carrying out a comprehensive study through an international consultant to evaluate shale gas, oil and tight gas and oil potential in its operated blocks, the source added. The first phase of the study has been completed while second and third phase of the study are currently under way.
Published in The Express Tribune, March 18th, 2016.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ