ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has set a target of drilling of 35 wells during 2014-15 from which 29 wells marked on ground and Land acquisition done for 27 wells while civil works completed for 15 wells.
The OGDCL has started the development work to upgrade the new Oil and Gas fields to enhance production, said Managing Director and Chief Executive Officer, OGDCL Muhammad Rafi while addressing the OGDCL employees here at Head Office.
He said that OGDCL has successfully completed drilling process of 10 wells while rest of 25 wells will be completed till June this year.
In the context of production, the Company has also set additional targets for exploration and drilling during the current financial year.
He informed that the OGDCL has achieved target of 250 percent increase in exploration as well as 142 percent increase in drilling in the current year as compare to the last year.
The Managing Director further disclosed that 2354, 2-D line kilometer target achieved during July to December 2014 while during 2013 it was only 962, 2-D Line kilometer.
He also told that OGDCL achieved the target of drilling 10 wells during said period while only seven wells were drilled in 2013.
He further told that OGDCL made 3 new discoveries during last half year while in 2013 only one discovery was made by the company. Daily production of gas has increased upto 41 MMCF per day.