Karachi, November 22, 2023 – The Oil and Gas Development Company Limited (OGDCL) announced the successful completion of the Khewari (Suleman 1 & 2) Development Project, marking a significant milestone in the company’s efforts to enhance gas production.
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OGDCL Announces Remarkable 68% Surge in Profits for FY23
Karachi, September 28, 2023 – In a remarkable financial performance, the Oil and Gas Development Company Limited (OGDCL) has announced a staggering 68 percent growth in net profit for the fiscal year ending June 30, 2023.
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OGDCL Announces Gas Discovery at Rahim Yar Khan
Karachi, September 19, 2023 – In a significant development for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) has proudly unveiled the discovery of a substantial gas reserve at an exploratory well located in Rahim Yar Khan, Punjab Province.
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OGDCL Achieves Remarkable Production Boost in July 2023
Karachi, July 31, 2023 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant enhancement in production during the month of July 2023, attributing the success to the adoption of cutting-edge technologies for production optimization.
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PSO Joins Forces with PPL and OGDCL for Revolutionary Greenfield Refinery Project
Karachi, July 27, 2023 – In a significant move aimed at enhancing Pakistan’s energy infrastructure, Pakistan State Oil (PSO) inked Memorandums of Understanding (MoUs) with two leading exploration companies on July 27, 2023, to collaborate on the establishment of a Greenfield Refinery Project.
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OGDCL Secures Two New Exploration Blocks in Sindh and Punjab
Karachi, July 3, 2023: The Oil and Gas Development Company Limited (OGDCL), a state-owned entity in Pakistan, announced on Monday that it has received provisional awards for two new exploration blocks in Sindh and Punjab.
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OGDCL Commences Oil and Gas Production from Wali (Bettani) Field in Khyber Pakhtunkhwa
Karachi, June 15, 2023 – The Oil and Gas Development Company Limited (OGDCL) has announced the successful commencement of oil and gas production from the Wali (Bettani) Field in District Lakki Marwat, Khyber Pakhtunkhwa Province.
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OGDCL, PRL sign MoU to strengthen energy sector in Pakistan
KARACHI: Oil and Gas Development Company Limited (OGDCL) and Pakistan Refinery Limited (PRL) have signed a Memorandum of Understanding (MoU) to establish a strategic partnership in the energy industry.
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OGDCL announces huge oil discovery at Attock
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Thursday announced huge oil discovery at Attock District, Punjab Province, Pakistan.
The company shared the information of oil discovery with the Pakistan Stock Exchange (PSX) and London Stock Exchange.
READ MORE: OGDCL discovers gas deposits at Kohat District
In its communication, the company said that OGDCL being operator of Toot Mining Lease with 100 per cent working interest has made oil discovery from Lockhart Formation at Toot Deep-1 well which is located in Attock District, Punjab province, Pakistan.
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Toot Deep # 01 well was spudded-in on December 25, 2022 and successfully drilled down to total depth at 5545 meters in Tobra Formation. Based on interpretation results of open hole logs data, Lockhart Formation has successfully tested oil at the rate of 882 Barrel per day and 0.93 million standard cubic feet per day (MMSCFD) gas at well head flowing pressure (WHFP) of 600 pounds per square inch (psi) at 32/64” choke size.
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“This discovery has further extended the hydrocarbon play area in Pothohar basin, OGDCL being leading exploration and production company in Pakistan has adopted aggressive exploration strategies which has resulted in hydrocarbon discoveries.”
This discovery will add to the hydrocarbons reserves base of OGDCL and contribute positively towards oil and natural gas production from indigenous resources of Pakistan, the company added.
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OGDCL discovers gas deposits at Kohat District
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announced discovery of gas deposits at district Kohat in the province of Khyber Pakhtunkhwa.
The company sent a communication to the Pakistan Stock Exchange (PSX) stated that the TAL Joint Venture comprising MOL Pakistan Oil & Gas Co. B. V. (Operator), OGDCL (30 per cent working interst exploratory phase), Pakistan Petroleum Limited (PP), Pakistan Oilfields Limited (POL) and Government Holdings Private limited (GHPL) had discovered gas condensate from Lockhart formation in Tolanj West-2 development well located in district Kohat, Khyber Pakhtunkhwa Province.
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It said that the well was spudded-in on April 10, 2022 to produce Hydrocarbon from already discovered horizon of Tolanj West D&PL i.e. Lumshiwal Formation and to test Hydrocarbon potential of Lockhart & Shinwari & Samanasuk Formations (as exploratory targets). The well has been successfully drilled down to depth of 4119.34m TVD.
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Based on interpretation results of wireline logs data, Lockhart Formation (Exploratory Target) was tested successfully at rate of around 8.3 Million Standard Cubic Feet Per Day (MMSCFD) gas and 34 barrels per day (BPD) of condensate at choke size 32/64” at Wellhead Flowing Pressure (WHFP) of 1285 Pounds per Square Inch (Psi).
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“The new discovery has de-risked further exploration play in TAL Block, leading to new upside opportunities,” OGDCL said, adding that the said discovery will also help and contributed towards improving energy security of the country from indigenous resources and add to the hydrocarbon reserve base of the company, its joint venture partners and the country.
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