Oil and Gas Development Company (OGDC) has found new oil and gas deposits in Bhambra – 1, located in district Sukkhur, Sindh according to a bourse filing on Friday.
The structure of Bhambra -1 was delineated, drilled and tested using OGDCL’s in house expertise.
The well was drilled down to the depth of 4023 meters. The well has shown a flow of 5.73 mmscfd (million standard cubic feet per day) of gas through choke size 32/64’’ with well head flowing pressure 1000 Psi from Basal Sand of Lower Goru.
OGDC Company Secretary Ahmed Hayat Lak sent a notification to the Pakistan Stock Exchange regarding the discovery of new gas reserves.
The discovery of gas from Bhambra -1 would open new avenues and also add to the hydrocarbon reserves of OGDCL and the country.
OGDC manages largest reserves of hydrocarbons in the country. It recently hit an all-time high production of 50,000 bpd, which is almost half of the country’s oil production these days.
OGDC Scholarship Program
Recently the company launched a new need-based scholarship program. The program is aimed at financially weak students that belong from OGDC operational and concessional districts.
OGDC claims that it is their social responsibility to assist those in need. The company has spent upwards of Rs 141 million on the program.