OGDCL announces successful completion of Chak well
- New well delivers 600 BPD condensate and 10.5 MMSCFD gas
OGDCL successfully completed the Chak 63-05 development well in Sindh, producing 600 BPD condensate and 10.5 MMSCFD gas, enhancing Pakistan's energy security.
- Production rates from the new Chak 63-05 well.
- Partnership stakes in the Chak 63-05 lease.
- Contribution to Pakistan's indigenous hydrocarbon supplies and energy security.
Oil & Gas Development Company Limited (OGDCL) announced on Tuesday the successful completion of Chak 63-05, a new development well located in Chak, District Sanghar, Sindh.
The company shared the development in a notice to the Pakistan Stock Exchange today.
“During production testing through a 32/64-inch choke, the well produced 600 barrels of condensate per day (BPD) and 10.5 million standard cubic feet of gas per day (MMSCFD), with a Wellhead Flowing Pressure (WHFP) of 2,580 psig,” the notice said.
The well, spudded on April 20, was drilled to a depth of 3,325 meters and completed in the Massive Sand reservoir.
“The well will be connected to the SSGC system, and activities for its early monetisation are underway,” the bourse was informed.
“OGDCL, as operator, holds a 62.5% working interest in the lease, while Government Holdings (Private) Limited (GHPL) and Orient Petroleum Inc. Limited (OPL) hold 22.5% and 15%, respectively.
The production from Chak 63-05 is expected to augment indigenous hydrocarbon supplies, contribute to Pakistan’s energy security, and further strengthen OGDCL’s commitment to sustainable growth and long-term value creation for its stakeholders, the company said.
OGDCL is Pakistan’s largest exploration and production (E&P) company. Its operations encompass exploration, drilling services, production, reservoir management, and engineering support.
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