ISLAMABAD: Oil and Gas Development Company is going to expand its Nashpa field by setting up a Liquified Petroleum Gas (LPG) plant to meet growing energy demand in the country, official sources in the company said.
"Under the expansion plan, the LPG project will be completed in two years and local manpower will be hired for the plant in Nashpa field, Karak district of Khyber Pakhtunkhwa," the sources told APP.
The field is one of the places from where the company made new oil and gas discoveries recently, and after the new find, the Naspha-well would produce 1,032 barrels oil per day.
They informed that OGDCL had set a target of drilling 31 new wells set for the current financial year and the company was confident to meet it.
Under the target, they said, the company had to dig 31 wells in all province and it would hopefully be achieved by end of June this year.
Presently, they said, 17 wells were under the drilling process, adding that nine new wells had been spud and five were in testing phase. In next month, six more drills would be carried out and the company would complete all the process by June, 2016.
They said that around 125 mmcfd (million cubic feet gas per day) gas would be added to the system and 380 metric ton plant of liquefied petroleum gas (LPG) would also be installed in March this year.
Currently, the sources said, the company had 24 exploration licences and it was actively busy in exploration and production activities in Balochistan where some areas were inaccessible earlier.
Answering a question, they said the company had seven own rigs and it was not in favour of buying more as per international practice of getting the job done from contractor rigs.
They were of the view that the maintenance of own rigs, which were mostly years old, was expensive, so "We prefer contractor rigs."
They said OGDCL's rigs had the capacity to drill 2,500 to 5,500 meters deep and usually they were deployed in sensitive areas where contractors were not allowed to operate.
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