Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) company, has enhanced oil production from its Kal-03 well, located in Chakwal district, Punjab.
The listed E&P disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday.
OGDC said that the enhancement was achieved by successfully carrying out a workover.
“Prior to the intervention, the well was producing approximately 50 barrels of oil per day (bpd) under natural flow. Following a planned workover that included Multistage Physico-Chemical (MPC) treatment and ESP installation, the production has increased to 750 bpd,” it said, registering an increase of 1,400%.
“The activity forms part of OGDCL’s ongoing production optimisation program focused on sustaining and improving output from mature fields,” it added.
Last month, OGDC increased oil production following enhancement measures from the Pasakhi-7 well, located in Hyderabad district, Sindh.
“These measures have increased production at Pasakhi Well-7 from 375 bpd to 520 bpd, an increment of 145 bpd,” the company said back then.
ODGCL is the largest E&P in Pakistan with operations including exploration, drilling operation services, production, reservoir management, and engineering support.
The company has the most extensive exploration acreage in Pakistan, covering over 40% of the country’s total acreage awarded, with net hydrocarbons of oil and gas.
With over 67%, the Government of Pakistan is the largest shareholder in OGDCL, followed by the OGDC Employee Empowerment Trust and the Privatisation Commission of Pakistan.
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