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OGDCL reports discovery of four hydrocarbon deposit sites - Zameen News

OGDCL reports discovery of four hydrocarbon deposit sites

October 17, 2019 • news

Islamabad: The Oil & Gas Development Company Limited (OGDCL) has communicated its discovery of four hydrocarbon deposit sites in the last three months, a news source reported. Using an aggressive exploration strategy, the company, along with its partners, discovered three deposit sites in Khyber Pakhtunkhwa (KP) and one in Sindh.

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These locations have the collective potential of producing 886 barrels per day (BPD) of oil and 26.432 million standard cubic feet per day (MMSCFD) of gas.

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According to reports, during the fiscal year (FY) 2018-19, OGDCL injected 13 new wells, and produced 373,515 barrels of crude oil and 4,867 million cubic feet (MCF) of gas in its production-gathering system. They added that the company contributed 45% to the country’s total oil production, and 29% to that of gas.

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At the moment, OGDCL is realising all its production volumes from onshore areas of the country. However, the company has expressed interest in the exploration of offshore blocks.