Oil and gas production begins from Nashpa II

Production of 5,000 barrels of oil per day has started from Nashpa II, being operated and developed by Oil & Gas Development Company (OGDC) in district Karak of Khyber Pukhtoonkhwa. According to information reaching stock market on Tuesday, gas production from the well is 13 mmcf per day. It is a joint venture between OGDC (56%), PPL (26 %) and Government Holdings (pvt) Ltd.
It may be noted that OGDC had hit hydrocarbon reserves in its exploratory well Nashpa No 2, district Karak of NWFP two years ago. Nashpa II, will add 7 percent in OGDC''s total oil production and 1 percent to its total gas production and 17 percent to PPL''s total oil production.