Abb Takk News
BusinessHeadlinesMOST POPULARNews TickerPakistanTop NewsTRENDING

Oil and gas development company limited reports boost in crude oil production

WEB DESK: Oil and Gas Development Company Limited has announced an increase in the production of crude oil reserves.

According to the details, OGDCL has announced increase in oil production from Kunar 12 and 6 oilfields, the two oilfields will yield approximately 1160 barrels of additional crude oil per day.

The replacement of pumps at Kunar 12 Hyderabad has increased production, and the Kunar 12 well will now produce 1,820 barrels of crude oil per day instead of 1,060, the company, statement

Replacing jet pumps with electric pumps has increased production by 760 barrels of crude oil per day.

Similarly, the Kunar 6 Hyderabad well will yield an additional 400 barrels of crude oil per day, the crude oil wells in Kunar Oilfield 6, which were shut down due to high water levels, have been recovered through an artificial lift system.

According to the statement, 100 percent shares of these two oil fields are with the company.