50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

OGDCL boosts production with Dars West-2 Well revival

Published 12/24/2024, 04:06 AM

KARACHI - Oil & Gas Development Company Limited (OGDCL) has announced the successful revival of the Dars West-2 Well, which has commenced hydrocarbon production from the B-Sand of the Lower Goru Formation. The operation reflects the company's ongoing efforts to maximize hydrocarbon recovery using innovative techniques.

The Dars West-2 Well, which is situated in the Tando Allah Yar district of Sindh Province, Pakistan, was initially completed in the C-Sand of the Lower Goru Formation and integrated into the production system on January 31, 2024. The well, however, ceased to flow on September 24 due to a decline in wellhead production.

After a comprehensive analysis, including a Bottom Hole Pressure & Temperature survey, it was determined that the C-Sand interval had no further production prospects. Consequently, the C-Sand was isolated, and the well was successfully perforated and completed in the B-Sand interval.

As a result of these efforts, the Dars West-2 Well is now producing 200 barrels per day (BPD) of oil, 8.0 million standard cubic feet per day (MMSCFD) of gas, and 37 metric tons per day (MTD) of liquefied petroleum gas (LPG). The produced gas is processed at OGDCL's Kunnar Pasakhi Deep-Tando Allah Yar Plant and has been incorporated into the network of Sui Southern Gas Company Limited (SSGCL), contributing to the national gas supply.

OGDCL, with a 77.5% working interest and serving as the operator, and GHPL, as a joint venture partner holding a 22.5% carried interest, operate within the Dars West Development and Production Lease (D&PL). The successful revival of the Dars West-2 Well showcases OGDCL's capabilities in well optimization and its commitment to enhancing production from its existing assets.

The information regarding the revival and production commencement of the Dars West-2 Well is disclosed in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations. This update is based on a press release statement issued by the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.