Tuesday, December 17 2024

OGDCL revives heavy oil well in Chakwal
The Oil and Gas Development Company Limited (OGDCL) has successfully revived a heavy oil well at its Rajian Oil Field in Chakwal district, boosting production by 1,000 barrels per day (bpd). According to a press release, the Rajian-3A well, suspended in 2020 due to formation challenges, was restored as part of OGDCL's optimisation efforts. Located within the Gujar Khan Exploration License, the field's output has now increased from 1,500bpd to 2,500bpd. OGDCL implemented an Electrical Submersible Pump (ESP) system in the Chorgali-Sakessar and Tobra formations to resume production at Rajian-3A, which reaches a depth of 3,652 meters. This well is the first of 11 targeted under an optimisation plan that includes workover jobs and advanced artificial lift systems.
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Monday, December 16 2024

OGDC discovers gas, condensate in K-P
Oil and Gas Development Company (OGDC) on Friday announced a significant gas and condensate discovery in the Samanasuk Formation exploratory zone. The discovery was made at the Bettani-02 (Slant) well in the Wali Block, located in the Lakki Marwat district of Khyber-Pakhtunkhwa. OGDC is the operator of the Wali exploration licence with a 100% working interest. The Bettani-02 well was drilled to a depth of 5,080 metres into the Shinawari Formation. Subsequent testing, using the Cased Hole Drill Stem Test-I, revealed a flow rate of 2.14 million standard cubic feet per day (mmscfd) of gas and 74 barrels per day (bpd) of condensate with wellhead flow pressure of 435 pounds per square inch (psi).
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)