OGDCL produces 36,423 BBL oil, 856 MMCFD gas in six months

News Image

By MG News | March 15, 2021 at 01:53 PM GMT+05:00

0:00

Mar 15, 2021: Oil and Gas Development Company Limited (OGDCL) has produced around 36,423 BBL oil, 856 MMCFD gas, 778 TPD LPG, and 52 TPD Sulphur during the first half of the current fiscal year.

The company’s production witnessed a slight decline due to natural depletion at some oil and gas fields as compared to the same period of the last year.

The two-quarter production of last year was 38,084 Barrel (BBL) of crude oil, 910 Million Cubic Feet per Day (MMCFD) of gas, 747 Tons per Day (TPT) of Liquefied Petroleum Gas (LPG), and 54 TPD Sulphur, according to the OGDCL’s half-yearly report available with APP.

During the period under review, the OGDCL's oil and gas production was impacted primarily by a natural decline at Kunnar, KPD-TAY, Dakhni and Nashpa fields.

Moreover, lower production was recorded on account of non-revival/partial revival of forced shut-in wells of Kunnar-2, 3, 9 & 10 during COVID-19 coupled with an annual turnaround at Dakhni, Nashpa , Sinjhoro and Uch wells.

Likewise, gas production was also affected due to a decline in production share from NJV fields combined with less gas In-take from Qadirpur and Uch fields by Engro Powergen and M/s UPL-I & II respectively.

The company said the production decline was partially mitigated by the injection of ten operated wells in the gathering system including Mela-7, Pasakhi-11, TAY South West-1, Saand-1&2, Umair-1, Mangrio-1, Togh Bala-1, Nashpa-10 and Pasakhi Deep-6 which cumulatively yielded gross crude oil and gas production of 163,894 barrels and 2,039 MMCF respectively.

In order to arrest the natural decline and sustain production from mature fields, as many as fifty-seven work-over jobs were carried out comprising 7 with rig and 50 rig-less.

APP

 

Related News

Name Price/Vol %Chg/NChg
KSE100 122,791.80
19.54M
0.61%
745.34
ALLSHR 76,858.44
171.40M
0.73%
555.23
KSE30 37,443.55
8.07M
0.65%
241.18
KMI30 182,358.43
10.15M
0.51%
932.12
KMIALLSHR 52,847.94
74.91M
0.56%
295.98
BKTi 31,002.73
1.08M
0.49%
149.81
OGTi 27,660.86
1.75M
0.71%
194.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 108,330.00
107,145.00
660.00
0.61%
BRENT CRUDE 68.12 68.18
67.82
0.39
0.58%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.90
-3.19%
ROTTERDAM COAL MONTHLY 103.90 103.90
103.90
0.70
0.68%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.63 65.72
65.23
0.39
0.60%
SUGAR #11 WORLD 16.38 16.60
16.24
-0.23
-1.38%

Chart of the Day


Latest News
June 27, 2025 at 09:59 AM GMT+05:00

POL finds gas, condensate at TAL Block well


June 27, 2025 at 09:49 AM GMT+05:00

PACRA to list on PSX GEM Board, effective June 30


June 27, 2025 at 09:35 AM GMT+05:00

NBP issues foreign exchange rates


June 27, 2025 at 09:29 AM GMT+05:00

Asia markets rise as tariff concerns ease


June 27, 2025 at 06:26 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

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