ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful revitalization of the Nashpa-4 well, located within the Nashpa Development and Production Lease (D&PL) in Khyber Pakhtunkhwa’s Karak.
The OGDCL in a statement said it thoroughly re-evaluated the well for the potential of the upper zone of the Lockhart formation and achieved a substantial increase in the production capacity of the well.
It said the Nashpa-4 well is now producing an additional 330 barrels per day (BBL/day) of oil and 7.7 million standard cubic feet per day. Additionally, 21 metric tons per day (MT/day) of LPG is being recovered, contributing to Pakistan’s energy supply.
The increased gas production from the well is being injected into the Sui Northern Gas Pipelines Limited (SNGPL) network, ensuring a steady supply of natural gas to meet Pakistan’s growing energy requirement.
Moreover, the production optimization from the Nashpa-4 well is estimated to result in annual foreign exchange savings of $59.85 million as import substitution for the country.
OGDCL said it is committed to supporting Pakistan’s energy needs through the optimization of existing resources and the exploration of new wells. The optimization at Nashpa-4 well highlights the company’s dedication to boosting the country’s energy security and contributing to its economic development.
