OGDCL's Nashpa-11 Well strikes black gold

MG News | September 12, 2023 at 02:41 PM GMT+05:00

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September 12, 2023 (MLN): The Oil & Gas Development Company Limited (OGDCL)'s Nashpa-11 well has been successfully tested, completed, and brought into the production stream, the company's filing on PSX revealed today.

The well was drilled to a depth of 4,485 meters, targeting the hydrocarbon potential within the Lumshiwal, Hangu, and Lockhart formations.

Presently, these formations are yielding 830 BPD of oil and 1.0 MMSCFD of gas through a 32/64" choke at a wellhead flowing pressure (WHFP) of 520 PSI. As of September 11, 2023, the well has been connected to the OGDCL Nashpa plant through a 1.8 Km flow line, and gas is being injected into the SNGPL network.

The company is diligently pursuing a harmonized approach to exploration, drilling, and development activities with a focus on optimizing production on a fast-track basis, the notice reads.

This development is the result of OGDCL's in-house expertise and a collaborative effort where OGDCL stands as the operator, holding a 56.45% stake.

The partnership also involves Pakistan Petroleum Limited (PPL), which holds a 28.55% share, and Government Holding Private Limited (GHPL) with a 15% share.

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