May 17, 2024 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has achieved a further increase in production at Nashpa Well-10 through optimization initiatives including Rigless interventions i.e. perforation washes in the Datta, Shinawari, Samanasuk, Lumshiwal, and Hangu formations.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

To note, OGDC had previously disclosed information dated September 13, 2023, regarding production enhancement at Nashpa Well-IO through Rigless interventions in the Hangu- Lumshiwal formation, it was reported that the Well's production had been elevated to 1,340 BPD of oil.

The total production from the Well has now reached 1,870 BPD of oil and 7.02 MMSCFD of gas, which is being injected into the SNGPL network, besides recovery of 10 MTon/Day of LPG.

Copyright Mettis Link News

Posted on: 2024-05-17T11:07:20+05:00