OGDC boosts Rajian-05 output nearly 4x after ESP installation

News Image

MG News | July 07, 2025 at 02:22 PM GMT+05:00

0:00

July 07, 2025 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has completed the installation of Electrical Submersible Pump (ESP) at Rajian-05, resulting in a significant improvement in production, the Company's filing on PSX revealed today. 

Following a planned workover and ESP deployment, production has increased to 3,100 BPD of oil and 1.0 MMSCFD of gas.

Prior to this intervention, the well was producing 820 barrels of oil per day (BPD) and 0.5 million standard cubic feet per day (MMSCFD) of gas. Rajian Field, located in District Chakwal and held under the Gujar Khan Exploration License, is 100% owned and operated by OGDCL.

Discovered in August 1994, it has remained an integral part of the Company's portfolio.

Two wells at Rajian had previously been completed with ESPs, and the recent result at Rajian-05 further supports OGDCL's efforts to maximize the value of existing fields through data-driven redevelopment planning.

This development reinforces the Company's continued focus on domestic energy resource optimization in support of long-term sustainability and national energy security.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,480.00 119,440.00
118,225.00
185.00
0.16%
BRENT CRUDE 72.57 73.17
71.75
0.06
0.08%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.24 69.79
68.45
0.03
0.04%
SUGAR #11 WORLD 16.43 16.58
16.40
-0.16
-0.96%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg