ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has announced to increase local oil and gas production, ARY News reported.
As per details, the OGDCL’s spokesperson said that the Nashpa field, located in Khyber Pakhtunkhwa, has seen an increase in oil and gas reserves.
As a result, an additional 330 barrels of oil and 77 million cubic feet of gas are being produced daily. The additional gas production has been injected into the Sui Northern Network, reducing the country’s import bill by $59.85 million.
Earlier, Oil & Gas Development Company Limited (OGDCL), announced discovery of gas in Sujawal district of Sindh.
“The well tested 1.24 million standard cubic feet per day (MMSCFD) of gas through a 32/64” choke at a wellhead flowing pressure of 150 pounds per square inch (psi) from the Lower Goru Formation, “OGDCL stated.
READ: OGDCL finds new gas reserves in Sindh’s Sujawal district
The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday.
“The OGDCL as 100% operator has discovered gas at its exploratory Well located in district Sujawal of Sindh,” read the notice.
OGDCL shared that the structure of Nur West # 01 was drilled and tested using the company’s in-house expertise to a depth of 2,975 meters. OGDCL shared that the discovery is being evaluated as tight gas.
Tight gas is a form of natural gas that cannot flow naturally at commercial rates with conventional methods, it is amongst the major unconventional resources.
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