OGDC boosts production with new technologies

July 31, 2203 (MLN): Oil and Gas Development Company Limited (PSX OGDC) has achieved significant enhancement in production in July 2023 by using cutting-edge technologies for production optimization, the company’s filing on the local bourse showed today.

These developments include:

• Nim East-1: This is an exploratory well in a joint venture with OGDCL as Operator (95%) and Government Holdings (Private) Limited (GHPL) (5%). It is located in District Tando Allah Yar, Sindh Province.

The well resulted in additional production of 585 BPD oil, 7.4 MMSCFD gas, and 32 MTD LPG after injecting it into the system through a 6"-12.5 Km pipeline.

The gas is being injected into Sui Southern Gas Company Limited (SSGCL) network since July 20, 2023, and has remained under observation until July 28, 2023.

• Pasakhi-11: OGDCL installed an Electrical Submersible Pump (ESP) in its 100% owned Pasakhi Oil Field, Well -11, situated in District Hyderabad, Sindh.

The intervention resulted in an incremental impact of 1010 BPD oil. The well is currently producing 1810 BPD oil and is still under observation for optimum flow rates.

The enhanced production from the well started on July 28, 2023.

• Chak 2-1: This is an already producing exploratory well in a joint venture with OGDCL as operator (62.5%), GHPL (22.5%) and Orient Petroleum Inc. (OPI) (15%).

It is located in District Sanghar, Sindh Province. Rigless intervention with additional perforations resulted in an increment of 140 BPD oil, 4.7 MMSCFD gas, and 11 MTD LPG.

The gas is being injected into SSGCL network since July 20, 2023 and has remained under observation until July 28, 2023.

• Chak-V Dim South-3: This is an on-production development cum exploratory well located in Chak-5 Dim South Block, District Sanghar, Province with OGDCL 100°/0 working interest.

Rigless intervention with new perforations resulted in incremental production of 130 BPD oil, 3.8 MMSCFD gas, and 8 MTD LPG.

The gas is being injected into SSGCL network since July 24, 2023 and has remained under observation until July 28, 2023.

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