OGDCL planning to drill 17 petroleum wells by end June
Staff Report

ISLAMABAD—Oil and Gas Development Company Limited (OGDCL) plans to explore 17 wells by the end of current fiscal year 2005-06, it has learnt.
Sources told online here on Sunday that the state run company was following a prudent policy to maintain a role of a leading and entrusted company to ensure supply of gas into the system besides adding substantially to country's oil production and saving foreign exchange.
They said that the company had drilled 18 new exploratory, appraisal and development wells during the last year including eight exploratory wells in Sinjhoro, Rajian, Rachna, Nashpa and Tando Allah Yar concessions and three appraisal wells in Sinjhoro concession. Out of seven development wells drilled during past fiscal year five are located at Qadirpur and one each at Dakhni and Chanda," they said.
In pursuance of its aggressive exploration strategy, they said that the company during the last year has enhanced its exploration portfolio by acquiring seven new exploration licences namely, Indus Delta-A, Shahana, Bagh, Multan North, Multan South, Kalchas and Kohlu covering an area of 15,4887.7 sq.kms.
They said that two more exploration concessions namely Dhok Sultan and Samandar covering an area of 31,198.5 sq.kms were also acquired by the company in July 2005.
They said that the company has maintain its status as leading national oil and gas producing company in the country and produced 47 percent of total crude oil and 23 percent of total gas.
They said that the company holds 115 million barrels of crude oil and 10.5 trillion cubic feet (TCF) of gas as remaining recoverable reserves in its own and operated joint ventures fields.