OGDCL injects 12 new wells in production gathering system in FY21

News Image

MG News | September 30, 2021 at 01:51 PM GMT+05:00

0:00

September 30, 2021: The Oil and Gas Development Company Limited (OGDCL) has injected 12 new wells, producing 584,808 barrels (BBL) crude oil and 12,092 million cubic feet (MMCF) gas, in its production gathering system during the last fiscal year.

“The injected wells include Mela-7, Pasakhi-11, Pasakhi Deep-6, Pasakhi West Deep-2, Saand-1 & 2, TAY South West-1, Umair-1, Mangrio-1, Togh Bala-1, Nashpa-10 and Qadirpur-62 which cumulatively yielded gross crude oil and gas production of 584,808 barrels and 12,092 MMcf respectively,” the company said in its financial report for the year 2020-21.

During the period under review, the OGDCL acquired 2,539 Line Kilometer of 2D and 600 Square Kilometer of 3D seismic data, spud twenty wells including ten exploratory/appraisal wells, eight development wells, one re-entry well and one sidetrack well.

Its exploratory efforts yielded six oil and gas discoveries including Togh Bala-1, Siab-1(Samanasuk) and Siab-1 (Lumshiwal/Hangu) in district Kohat, KP province, Lakhi Rud X- 1 in district Musa Khel and Jandran X-4 in district Barkhan, Balochistan province and Sial- 1 in district Hyderabad, Sindh province.

The company’s average net saleable crude oil, gas and LPG production stood at 36,892 barrels per day, 870 million cubic feet per day gas and 803 tons per day respectively, during the year under review.

 

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 163,806.22
500.44M
-0.39%
-638.50
ALLSHR 99,845.79
1,977.49M
-0.42%
-417.42
KSE30 50,123.85
153.24M
-0.68%
-343.31
KMI30 238,530.50
71.49M
-0.36%
-850.63
KMIALLSHR 65,898.10
543.80M
-0.37%
-245.35
BKTi 46,380.96
92.15M
-0.49%
-229.01
OGTi 31,857.40
12.33M
-1.20%
-387.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,220.00 109,470.00
103,745.00
-1225.00
-1.13%
BRENT CRUDE 61.34 61.47
60.14
0.28
0.46%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 93.20 93.50
93.20
0.05
0.05%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.25 57.32
56.15
0.26
0.46%
SUGAR #11 WORLD 15.53 15.88
15.45
-0.27
-1.71%

Chart of the Day


Latest News
October 18, 2025 at 01:59 PM GMT+05:00

SBP Revokes License of Exchange Company


October 18, 2025 at 01:36 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


October 17, 2025 at 05:29 PM GMT+05:00

MLCF profit doubles in Q3FY25



Top 5 things to watch in this week

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