REG - Oil and Gas Devt Co - Production Enhancement at Nashpa Well-10

Oil And Gas Development CoAnnouncement

17/05/2024 07:30

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RNS Number : 8827O  Oil and Gas Development Company Ltd  17 May 2024

CS04-08 (PSX/LSE/SECP)

May 17, 2024

 The General Manager,                   London Stock Exchange Plc.,

 Pakistan Stock Exchange Limited,       10 Paternoster Square,

Stock Exchange Building,

                                      London EC4M 7LS.
 Stock Exchange Road,

Karachi-74000, Pakistan.

                                        Tel: (44) 20 7334 8907

 Fax No. (92-21) 3241 0825, 3241 5136

 

 

Subject:        PRODUCTION ENHANCEMENT AT NASHPA WELL -10

 

Dear Sir,

 

Referring to our previously disclosed information dated September 13, 2023,
regarding production enhancement at Nashpa Well-10 through Rigless
interventions in the Hangu-Lumshiwal formation, it was reported that the
Well's production had been elevated to 1340 BPD of oil.

 

A further increase in production at Nashpa Well-10 has been achieved through
optimization initiatives including Rigless interventions i.e. perforation
washes in the Datta, Shinawari, Samanasuk, Lumshiwal, and Hangu formations.

 

Consequently, the total production from the Well has now reached 1870 BPD of
oil and 7.02 MMSCFD of gas, which is being injected into the SNGPL network,
besides recovery of 10 MTon/Day of LPG.

 

The above information is submitted in compliance of Section 96 of the
Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination
amongst your members please.

 

 

Yours Sincerely,

 
 

 

 

(Wasim Ahmad)

  Company Secretary

 

 

Copy:

 

Executive Director/HOD, Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63, NIC Building,

Jinnah Avenue, Blue Area,

Islamabad.

 

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