Forex savings: $4.83m per day is the amount Pakistan will save through import substitution of oil. CREATIVE COMMONS
The country’s largest oil and gas exploration company, Oil and Gas Development Company Limited (OGDCL), is estimated to add 13,000 barrels of oil per day and 350 million cubic feet per day gas (mmcfd) from new fields in the next year, which will help to overcome energy crisis in the country and reduce dependence on oil imports.
“We are hopeful that OGDCL would be able to inject 350 mmcfd gas and 13,000 barrels oil per day after commissioning of new projects like KPD-TAY, Uch-2, Sanjoroo and Nashpa,” a senior official of OGDCL told The Express Tribune.
OGDCL is working on Phase-II of KPD-TAY Integrated Development Project. After completion of the project, there will be a substantial increase in gas production. This project, on completion (Including KPD-Phase-I), will add 225 mmcfd of gas and 5,100 barrels per day oil. The official added that KPD field had gas potential of 933 billion cubic feet gas and TAY 167.34 BSCF. There are 29 wells including phase-I wells to be connected to the gas gathering system and a gas processing plant shall that will treat 250 mmcfd of raw gas. Gas supply from KPD-TAY is expected by August, 2014.
The KPD-TAY Plant is located adjacent to OGDCL’s existing Kunar LPG plant about 25 kilometers from Hyderabad.
After approval by OGDCL’s Board of Directors, OGDCL decided to carry out the project in two phases. OGDCL has completed the KPD-Phase-I project for supply of 100 mmcfd De-Hydrated Gas from 7 Kunnar Wells in October, 2011 and is currently producing 970 barrel per day oil and 120 mmcfd of gas. The gas is supplied to SSGC.
“Furthermore, foreign exchange saving of $4.83 million per day has been estimated due to import substitution,” official said.
OGDCL has so far spent Rs67.102 million on different social schemes in the KPD-TAY area as well including Health Care. Moreover OGDCL will spend an amount of Rs84 million in the year 2013-14, on various social schemes including establishment of 20-bed hospital at Kunnar with running expenditure of Rs260,000 per month through OGDCL dispensary.
Published in The Express Tribune, September 29th, 2013.
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