OGDC revitalizes Nashpa-4 Well, increases production

By MG News | July 01, 2024 at 11:19 AM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,385.00	109,395.00 105,440.00	3635.00 3.44%
BRENT CRUDE	68.25	68.40 66.94	1.14 1.70%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.52	66.70 65.23	1.07 1.63%
SUGAR #11 WORLD	15.45	15.97 15.44	-0.25 -1.59%