2014-15: OGDCL targets drilling 35 wells
Company has also started development work to upgrade the new oil and gas fields to enhance production
ISLAMABAD:
Oil and Gas Development Company Limited (OGDCL) has set a target of drilling 35 wells during 2014-15. The company has started development work to upgrade the new oil and gas fields to enhance production, according to OGDCL CEO Mohammad Rafi. He said that the company has successfully completed drilling process of 10 wells while the rest will be completed till June this year. He informed that the OGDCL has achieved its target of 250% increase in explorations as well as a 142% increase in drilling during the current year compared to last year. He said that OGDCL achieved its target of drilling 10 wells during the said period while only seven wells were drilled in 2013. The Managing Director further disclosed that 2354, 2-D line kilometre target achieved during July to December 2014 while during 2013 it was only 962, 2-D Line kilometre. OGDCL made 3 new discoveries during last half year while in 2013 only one discovery was made by the company.
Published in The Express Tribune, January 3rd, 2015.
Oil and Gas Development Company Limited (OGDCL) has set a target of drilling 35 wells during 2014-15. The company has started development work to upgrade the new oil and gas fields to enhance production, according to OGDCL CEO Mohammad Rafi. He said that the company has successfully completed drilling process of 10 wells while the rest will be completed till June this year. He informed that the OGDCL has achieved its target of 250% increase in explorations as well as a 142% increase in drilling during the current year compared to last year. He said that OGDCL achieved its target of drilling 10 wells during the said period while only seven wells were drilled in 2013. The Managing Director further disclosed that 2354, 2-D line kilometre target achieved during July to December 2014 while during 2013 it was only 962, 2-D Line kilometre. OGDCL made 3 new discoveries during last half year while in 2013 only one discovery was made by the company.
Published in The Express Tribune, January 3rd, 2015.