ISLAMABAD, Dec. 01 (INP-WealthPK): Oil and Gas Development Company Limited (OGDCL) carried out 221 line-km 2D and 21 square-km 3D seismic surveys in its various operational areas during the first quarter of the current fiscal year to discover hydrocarbon reserves.
“The acquired 221 line-km of 2D seismic data and 21 sq-km of 3D seismic data represents 49% of total 2D and 17% of total 3D seismic data acquisition in Pakistan, respectively,” the company said in its first quarterly financial report for 2022-23.
According to information available with WealthPK, the OGDCL using in-house resources processed/reprocessed 1,065 line-km of 2D seismic data, besides carrying out an additional 135 line-km of geological fieldwork in the Nowshera district of Khyber Pakhtunkhwa province. On the drilling front, the company spud one exploratory well namely Shahpurabad-1. It also completed the drilling and testing of two wells pertaining to the previous fiscal year.
“Total drilling recorded during the three months stood at 11,392 meters,” said the report.
The company mentioned that its exploration activities had been severely affected by the torrential rains and floods, and security concerns, adding, “The planned 3D seismic survey of 210 sq-km was affected by torrential rains, whereas 2D seismic survey of 84 line-km had to be deferred due to security concerns in Zin and Lillah blocks. However, the company is making all efforts to recover the deferred seismic activities within the current fiscal year.
During the first three months of the fiscal year 2022-23, the OGDCL contributed around 46%, 30% and 36% towards the country’s total oil, natural gas and LPG (liquified petroleum gas) production, respectively.
The average daily net saleable crude oil, gas and LPG production remained at 33,443 barrels, 779 million cubic feet and 722 tons, respectively. The company recorded a decrease in overall hydrocarbon production in comparison to the corresponding period last year, as various production-sustaining activities planned in the first quarter had to be deferred due to torrential rains and floods, and natural decline at Sinjhoro, Nashpa, KPD-TAY, Chanda, Mela and 6-Dhok Hussain fields.
