ISLAMABAD -- Oil and Gas Development Company Limited (OGDCL) has carried out 20,004 Line-Kilometer (LKM) 2D and 8,809 Square-Kilometer (SKM) 3D surveys in its operational areas across the country during a six-year period from 2013-14 to 2018-19.
The company acquired the seismic data of 1,807 LKMs and 867 SKMs in 2013-14, 5,430 LKMs and 1,918 SKMs in 2014-15, 5,336 LKMs and 3,459 SKMs in 2015-16, 4,034 LKMs and 1,153 SKMs in 2016-17, 2,073 LKMs and 792 SKMs in 2016-17 and 1,324 LKMs and 620 SKMs in 2018-19, according to official data available with reporter.
Besides, the OGDCL drilled 126 exploratory/appraisal and development wells during the period under review.
Oil and gas Exploration and Production (E and P) companies, operating in different hydrocarbon potential areas of the country, have made around 110 discoveries during the last five years, with accumulative initial flow rate of 30,383 Barrel Per Day (BPD) oil and 926.6 Million Cubic Feet per Day (MMCFD) gas.
The companies found 83 oil and gas deposits in Sindh, 13 in Khyber Pakhtunkhwa, 12 in Punjab and two in Balochistan during the period from July 2014 to October, 2019.
Over two dozen oil and gas companies have spent around Rs400 billion in carrying out E and P activities to increase the national hydrocarbon base during 2013-14 to 2017-18.
The companies including Dewan Petroleum, Eni Pakistan, Hycarbex, MOL Pakistan, MPCL, Al-Haj, Nativus, New Horizon, OGDCL, OGIL, Tallahassee, OMV, OPL, PAIGE, OMV Maurice, PEL, POL, POGC, PPL,KPBV, RDC, Saif Energy, Tullow, UEPL and Chian ZhenHua incurred billions of rupees under their respective 'exploration licences/mining/ drilling and...