KARACHI: The Oil and Gas Development Company Limited (OGDCL) has shared an encouraging development where the Nashpa-11 well has been successfully tested, completed, and brought into the production stream.
According to a notice sent to Pakistan Stock Exchange on Tuesday, this development is the result of OGDCL’s in-house expertise.
OGDCL said that 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 830bpd of oil and 1.0mmscfd of gas through a 32/64” choke at a wellhead flowing pressure (WHFP) of 520PSI. As of September 11, 2023, the well has been connected to the OGDCL Nashpa plant through a 1.8km flow line, and gas is being injected into the SNGPL network.
The venture is a collaborative effort where OGDCL stands as the operator, holding a 56.45 percent stake. The partnership also involves Pakistan Petroleum Limited (PPL), which holds a 28.55 percent shares and Government Holding Private Limited (GHPL) with a 15 percent share.
“OGDCL 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 said.
Copyright Business Recorder, 2023