OGDC expands operations to discover new resources

By APP
Published: April 9, 2013
Email
Efforts to find new hydrocarbon reserves by the firm led to three new oil and gas discoveries at Nashpa-3 in Khyber-Pakhtunkhwa, Zin SML-1 in Balochistan and Suleman-1 in Sindh. PHOTO: FILE

Efforts to find new hydrocarbon reserves by the firm led to three new oil and gas discoveries at Nashpa-3 in Khyber-Pakhtunkhwa, Zin SML-1 in Balochistan and Suleman-1 in Sindh. PHOTO: FILE

ISLAMABAD: Oil and Gas Development Company (OGDC) has said it is pushing ahead with its goal of drilling 11 new wells in the first half of 2013 to meet the country’s growing energy needs.

A spokesperson for the company said the 11 wells include two exploratory wells named Raja-1 and Multan North-1, one appraisal well Chak Naurang South-2 and eight development wells namely Nashpa-4, Qadirpur-46 and 49, Bahu-5, 6 and 7, Rajian-7 and Bobi-10.

Moreover, efforts to find new hydrocarbon reserves led to three new oil and gas discoveries at Nashpa-3 in Khyber-Pakhtunkhwa, Zin SML-1 in Balochistan and Suleman-1 in Sindh.

The company also awarded a contract for development of the Kunnar-Pasakhi Deep and Tando Allah Yar Field Development Project Phase-II, located in Sindh. The project consists of a gas gathering system to convert 250 million standard cubic feet per day (mmscfd) of raw gas into 225 mmscfd of pipeline-quality gas and is expected to be completed within the next 12 months.

Phase-1 of the project includes production of 100-110 mmscfd of raw gas on a fast-track basis through temporary facilities in order to combat the energy crisis in the country. Once completed, the project will deliver 225 mmscfd of gas, 5,100 barrels of condensate and 413 tons of liquefied petroleum gas (LPG) daily.

The official said after completion of this project, OGDC will contribute a substantial increase in gas, condensate and LPG production.

He added that from July to December 2012, OGDC’s revenue increased to Rs110.626 billion compared to Rs88.680 billion in the corresponding period of last year.

Net crude production clocked in at 39,245 barrels per day, net gas production was 1,073 mmcfd, net LPG production was 264 million tons per day and net sulphur production was 49 million tons per day during the period under review.

Published in The Express Tribune, April 9th, 2013.

Like Business on Facebook to stay informed and join in the conversation.

Facebook Conversations

More in Business