OGDCL enhances production capacity of Nashpa Well-10

News Image

MG News | September 13, 2023 at 12:02 PM GMT+05:00

0:00

September 13, 2023 (MLN): The Oil & Gas Development Company Limited (OGDCL), as part of its production enhancement campaign, has successfully increased the production capacity of its Nashpa Well - 10, as revealed in the company's filing on PSX today.

The well is situated within the Nashpa Development and Production Lease (D&PL) in the Karak district of the Khyber Pakhtunkhwa province.

Focused on implementing a production enhancement strategy, rigless intervention in the Hangu-Lumshiwal formation has resulted in a considerable upsurge in hydrocarbon production, with an additional output of 900 Barrels Per Day (BPD) of oil at a wellhead flowing pressure (WHFP) of 720 PSI.

The enhanced production from the well commenced on September 12, 2023.

Consequently, the cumulative production from the well now stands at 1340 BPD of oil. The gas is being injected into the SNGPL network.

Nashpa D&PL operates under a joint venture, wherein OGDCL is the operator, possessing a 56.45% stake, alongside Pakistan Petroleum Limited (PSX: PPL) with a 28.55% share, and Government Holding Private Limited (GHPL) which holds a 15% share. Nashpa-10 has been in production since December 27, 2020.

Prior to the enhancement, the well was producing 440 BPD of oil and 3.40 MMSCFD of gas at a WHFP of 710 PSI from the Datta, Shinawari, and Samanasukh formations.

In addition to this production enhancement, OGDCL has successfully tested, completed, and integrated Nashpa-11 and Nashpa-1 wells into the production stream.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 178,853.10
424.99M
3.29%
5702.68
ALLSHR 107,335.86
693.28M
2.85%
2972.30
KSE30 54,676.69
210.97M
3.52%
1860.41
KMI30 250,620.93
139.36M
2.14%
5257.28
KMIALLSHR 68,647.30
398.45M
1.89%
1273.91
BKTi 52,773.10
107.33M
7.09%
3494.44
OGTi 35,032.42
34.95M
0.79%
274.54
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 67,475.00 68,570.00
66,910.00
-390.00
-0.57%
BRENT CRUDE 68.67 68.68
67.36
1.25
1.85%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
-3.00
-3.03%
ROTTERDAM COAL MONTHLY 105.50 0.00
0.00
-0.10
-0.09%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 63.41 63.43
62.04
1.15
1.85%
SUGAR #11 WORLD 13.61 13.69
13.47
0.13
0.96%

Chart of the Day


Latest News
February 18, 2026 at 04:26 PM GMT+05:00

Cherat Cement earnings drop 20% in H1


February 18, 2026 at 04:07 PM GMT+05:00

PSX Closing Bell: A Step in the Right Direction


February 18, 2026 at 04:06 PM GMT+05:00

PKR edges higher against USD


February 18, 2026 at 03:52 PM GMT+05:00

Ghandhara Industries profit surges over twofold in H1FY26


February 18, 2026 at 03:47 PM GMT+05:00

Saudi firm seeks control of Samba Bank Limited



Top 5 things to watch in this week

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