Page 5 - AsianOil Week 48 2020
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The minister also took the opportunity to call how this kind of investment is coming?” he asked.
out the government’s critics, who have argued The minister, however, failed to clarify as to which
that unfriendly business policies have scared off investments he was referring. Although Royal
upstream investors. Dutch Shell and Total are present in the country,
“If our policy is not investment friendly, if our they have avoided the upstream. BP is the only for-
policy is not open, if our policy is not transparent, eign major with an Indian upstream project.
OGDCL strikes gas in Pakistan’s
Balochistan Province
PROJECTS & PAKISTAN’S Oil & Gas Development Com-
COMPANIES pany Ltd (OGDCL) announced last week that it
had made a natural gas discovery at its wholly
owned Lakhirud block in Balochistan Province.
OGDCL said in a November 27 filing to
the Pakistan Stock Exchange (PSX) that it had
made the discovery at the Lakhirud X-1 well,
which was drilled to a depth of 3,000 metres.
OGDCL said well logs indicated that the well
could produce up to 2.5mn cubic feet (71,000
cubic metres) per day of gas from the Mughal
Kot Formation.
The discovery follows a similar announce-
ment from the company at the start of Novem- anticipated to produce up to 18 mmcf (510,000
ber, when it revealed that it had made two new cubic metres) per day of gas and 25 barrels per
oil and gas discoveries in the first quarter of day (bpd) of oil.
financial year 2020-2021. OGDCL struck oil The Qadirpur compression project, also in
and gas via the Siab-1 and Togh Bala-1 in Khyber Sindh, is on track for completion in November
Pakhtunkhwa Province. 2021, coming online with 280 mmcf (7.93mn
OGDCL said it had also spudded four explor- cubic metres) per day of raw gas compression.
atory and development wells – including Juna-1, Further out, OGDCL is aiming to bring the
Sheen Dund-1, Nangpir-1 and Qadirpur-62 – and Khewari development in Sindh on stream in Jan-
had completed drilling and testing of seven wells uary 2023, with a production capacity of up to 25
that were started in the previous financial year. mmcf (708,000 cubic metres) per day, following
The company highlighted natural declines at by the Uch compression project in Balochistan
its Dakhni, Kal, Pasakhi and Tando Alam fields, in February 2023, which will have 460 mmcf
before noting that it had several new projects in (13.03 mcm) of raw gas compression.
the pipeline. In a November 26 presentation, OGDCL said
OGDCL said it would wrap up the Gun- it produced 35,305 bpd of oil in financial year
danwari & Chabaro project in Sindh Prov- 2019-2020 and 1.03bn cubic feet (29.17 mcm)
ince in February 2021, with the development per day of gas.
Week 48 03•December•2020 www. NEWSBASE .com P5
