ISLAMABAD: With the aim to meet increasing energy demand in the country, the Oil and Gas Development Company (OGDCL) setting up a liquefied petroleum gas (LPG) plant in Nashpa field, official sources of 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, in Karak district of Khyber Pakhtunkhwa,” they 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 of oil per day.
The sources said that OGDCL had set a target of drilling 31 new wells during 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 the province and it would hopefully be achieved by the end of June this year.
Presently, they said, drilling was being carried out at 17 wells, adding that nine new wells had been spud and five were in the testing phase. While, six more drills would be carried out and the company would complete the process by June 2016, he added.
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 had been inaccessible earlier. Answering a question, they said the company had seven own rigs and it had no intention to buy 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 and so the company preferred contractor rigs. They said that OGDCL’s rigs had the capacity to drill 2,500 to 5,500 meters deep and that they were usually deployed in sensitive areas where contractors were not allowed to operate.
