OGDCL announces successful completion of Chak well

Oil & Gas Development Company Limited (OGDCL) announced on Tuesday the successful completion of Chak 63-05, a new development well located in Chak, District Sanghar, Sindh. The company shared the development in a notice to the Pakistan Stock Exchange today. “During production testing through a 32/64-inch choke, the well produced 600 barrels of condensate per day (BPD) and 10. 5 million standard cubic feet of gas per day (MMSCFD), with a Wellhead Flowing Pressure (WHFP) of 2, 580 psig, ” the notice said. The well, spudded on April 20, was drilled to a depth of 3, 325 meters and completed in the Massive Sand reservoir. “The well will be connected to the SSGC system, and activities for its early monetisation are underway, ” the bourse was informed. “OGDCL, as operator, holds a 62. 5% working interest in the lease, while Government Holdings (Private) Limited (GHPL) and Orient Petroleum Inc. Limited (OPL) hold 22. 5% and 15%, respectively. The production from Chak 63-05 is expected to augment indigenous hydrocarbon supplies, contribute to Pakistan’s energy security, and further strengthen OGDCL’s commitment to sustainable growth and long-term value creation for its stakeholders, the company said. OGDCL is Pakistan’s largest exploration and production (E&P) company. Its operations encompass exploration, drilling services, production, reservoir management, and engineering support.

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