July 01, 2024 (MLN): The Oil and Gas Development Company Limited (PSX: OGDC) has successfully revitalized Nashpa-4 well, said a notice issued by the company to the Pakistan Stock Exchange (PSX) on Monday.
The well was re-evaluated for the potential of the upper zone of the Lockhart formation, resulting in an increase of 330 barrels per day (BBL/day) of oil and 7.7 million standard cubic feet per day (MMSCF/day) of gas at a wellhead flowing pressure (WHFP) of 1570 PSI, it said.
Additionally, 21 metric tons per day (MT/day) of LPG is being recovered. The gas is now being injected into the SNGPL network.
Nashpa-4 well is situated within the Nashpa Development and Production Lease (D&PL) in the Karak district of the Khyber Pakhtunkhwa province. Nashpa D&PL operates under a joint venture, wherein OGDC as operator, possessing a 56.45% stake, alongside Pakistan Petroleum Limited (PSX: PPL) with a 28.55% share, and Government Holding Private Limited (GHPL) holds 15% share.
