Discovery: OGDC finds new oil, gas reserves

ISLAMABAD: Oil and Gas Development Company (OGDC) has discovered new hydrocarbon reserves in Nashpa-3 well in Karak District of Khyber-Pakhtunkhwa. According to a press release issued by OGDC, initially, the well has produced 3,015 barrels per day of crude oil and 14.35 million cubic feet per day (mmcfd) of gas from Lumshiwal and Hangu formations and 150 barrels per day of crude oil and 0.6 mmcfd of gas from Samanasuk formation. Total production is 3,165 barrels per day of oil and 14.95 mmcfd of gas. The release said after testing, significant reserves of hydrocarbon had been confirmed at Nashpa-3 well – a joint venture between OGDC, the operator; Pakistan Petroleum Limited (PPL); and Government Holdings Private Limited (GHPL). “This discovery will add to the hydrocarbon reserves of the company and joint venture partners and bring significant savings to the country in terms of less oil import,” it said.

Published in The Express Tribune, September 6^th, 2012.