To meet the nation’s energy needs and produce early cash flows, OGDCL aims to give development plans top priority and move quickly to monetize newly discovered assets.
Oil and Gas Development Company Limited (OGDCL) is intensifying efforts to start oil production of 1,000 barrels per day and 10 million standard cubic feet of gas per day from the Wali exploration block, also known as the Bettani field, located in F.R. Laki, Khyber Pakhtunkhwa, starting in the following month of June 2023.
Details show that OGDCL, the top exploration and production company in Pakistan, has a 100% working interest in the field and that the recoverable reserves are estimated to be around 13 million barrels of oil and 219 billion cubic feet of gas. This is equal to the equivalent of 55 million barrels of oil (BOEs).
OGDCL has created the early production facilities at Bettani-1 to hasten the start of gas and oil production from the field. Ten million standard cubic feet per day (MMscf/d) of gas and one thousand barrels per day (BPD) of oil are anticipated from the facility. To fully utilise the field’s potential, additional wells are currently being drilled nearby.
Bettani field gas will be connected to the SNGPL network in June 2023, according to sources in the petroleum division.
Up to 50 MMscf/d of additional development potential will be made possible by this connection. Future exploratory discoveries in these areas will be made easier thanks to OGDCL’s aggressive installation of processing and production infrastructure, particularly in Jhal Magsi and Bettani in Baluchistan and KPK.
The market leader in gas production, OGDCL, currently produces more than 1,025 MMSCF/d of gas from fields it owns and manages in joint ventures. The company’s principal gas-producing fields are the Qadirpur Gas Field, Kunnar Pasakhi Deep-Tando Allah Yar Gas Condensate Field, Nashpa Oil Field, and Sinjhoro Gas Condensate Field.
To meet the nation’s energy needs and produce early cash flows, OGDCL aims to give development plans top priority and move quickly to monetize newly discovered assets. The company is taking steps like drilling new wells, workovers, well interventions, and front-end compression to address the decline in gas production.
Additionally, it is investigating price reductions and potential buyers for abandoned fields. These programmes support OGDCL’s goal of introducing cutting-edge innovation and technology to promote sustainable growth.
In the first nine months of the current fiscal year, OGDCL was able to inject 1,628 MMSCF of gas into the production stream thanks to the addition of new development and exploratory wells as well as workovers. Three oil and gas discoveries have been made as a result of the company’s exploratory efforts, with a total expected daily production potential of 3,007 barrels of oil and 2.7 MMscf of gas.
The Sono-7 well now has OGDCL’s fifth Electrical Submersible Pump (ESP), which adds 2,000 BPD of oil and significantly raises the company’s hydrocarbon profile.
It is important to note that OGDCL’s unwavering efforts to address the decline in gas production and improve national energy security are a reflection of its dedication to Pakistan’s socioeconomic development.
OGDCL works to strengthen the nation’s energy sector and pave the way for sustainable growth and prosperity through a combination of strategic planning, technological advancements, and consistent investment.