OGDCL adds 2,666 BPD oil, 82 MMCFD gas in system during 2QFY21: MD

News Image

MG News | January 08, 2021 at 04:01 PM GMT+05:00

0:00

Jan 08, 2021: Oil and Gas Development Company Limited (OGDCL) Managing Director Shahid Salim Khan Friday said the company had successfully injected additional 2,666 BPD oil, 82 MMCFD gas, and 77 MTD LPG in its production gathering system during the second quarter of the fiscal year 2020-21, ending on December 31.

“The company has achieved a milestone by adding massive production in a short span of last two months of the year 2020,” he said in a press statement.

During the second quarter, he said, the company remained a market leader in the oil and gas sector by contributing 48 percent in oil, 27 percent in gas, and 37 percent in LPG production of the country.

Besides, the MD said, the OGDCL had made a contribution of Rs 130 billion to the national exchequer during the year 2019-20.

“The company has acquired 1,566 Barrels per Day (BPD) additional oil and 71 MMCFD (Million Cubic Feet per Day) additional gas by injecting new wells, while 1100 BPD oil and 11 MMCFD gas production through other efforts, besides 77 MTD (Metric Ton per Day) Liquefied Petroleum Gas (LPG) with enhanced production,” he said.

The company, he said, achieved the increased production by injecting 14 new oil and gas wells from its different operational fields across the country, besides commissioning of the Nashpha compression project.

The wells included Saand 1 & 2, Tando Allah Yar South West-1 Togh Bala-1, Nashpa-10, Mangrio-1, Qadirpur-10, Umair-1, Qadirpur-53, Qadirpur-16, Qadirpur-17, Daru-1 and Pasakhi Deep-6, Pasakhi West Deep-2.

The MD OGDCL expressed confidence that the increased oil and gas production would help in mitigating the ever-growing demand of domestic consumers and industry.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg