OGDC begins production at Baloch-2
MG News | October 24, 2024 at 10:15 AM GMT+05:00
October 24, 2024 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has brought the well Baloch-2 in Sembar formation into production, the company said in a stock filing on Thursday.
The well is located in Sanghar district, Sindh province.
The company’s in-house expertise was key in delineating, drilling, and testing the structure, it said.
Drilled to a depth of 3,920 meters, the well is currently producing 350 barrels per day (BPD) of oil and 5 million standard cubic feet per day (MMSCFD) of gas.
The production is connected to the Sinjhoro Processing Plant, with gas being injected into the SSGCL network.
This venture is a collaboration between OGDC (76% Working Interest), Orient Petroleum Inc. (19%), and GHPL (5%).
OGDC is focused on fast-tracking exploration, drilling, and production to enhance national energy security and contribute to Pakistan's sustainable development.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 163,018.66 138.30M | 0.05% 81.72 |
| ALLSHR | 98,973.80 403.59M | 0.17% 164.66 |
| KSE30 | 49,460.79 51.40M | 0.03% 14.97 |
| KMI30 | 233,011.03 39.62M | 0.13% 295.18 |
| KMIALLSHR | 64,476.20 200.81M | 0.14% 88.53 |
| BKTi | 44,076.19 19.45M | 0.29% 129.30 |
| OGTi | 32,306.98 7.87M | 0.17% 56.15 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 83,840.00 | 88,150.00 81,485.00 | -2600.00 -3.01% |
| BRENT CRUDE | 62.55 | 63.02 62.20 | -0.83 -1.31% |
| RICHARDS BAY COAL MONTHLY | 85.00 | 0.00 0.00 | 0.25 0.30% |
| ROTTERDAM COAL MONTHLY | 96.25 | 0.00 0.00 | 0.15 0.16% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.09 | 58.80 57.75 | -0.91 -1.54% |
| SUGAR #11 WORLD | 14.57 | 14.74 14.56 | -0.09 -0.61% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Large Scale Manufacturing (LSM)