ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) is determined to meet the target of drilling as many as 31 new well during the ongoing fiscal year 2015-16.
“Under the target, the company has to dig 31 wells in all province and it will hopefully be achieved by end of June this year,” official sources in the company told APP. 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 informed that around 125 mmcfd (million cubic feet gas per day) gas would be added to the system and 380 metric ton plant of liquified petroleum gas (LPG) would also be installed in March this year. They said OGDCL had recently made two significant oil and gas discoveries in Khyber Pakhtunkhwa and Sindh.
The company discovered reservoir of 35.7 mmcfd gas in its Thal East-I concession and it would be added in the system soon. While, the second discovery of 1,032 barrels oil per day had been made in Nashpa field, Karak district of Khyber Pakhtunkhwa.
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.
OGDCL had also initiated 2D and 3D seismic data surveys in eight blocks in the province to step up its oil and gas exploration activities, they said.
