OGDC Begins Oil & Gas Production at Kharo-1 Well in Sindh, Strengthening Pakistan’s Energy Sector

OGDC Begins Oil & Gas Production at Kharo-1 Well in Sindh

Karachi, Pakistan — Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) firm, has officially begun oil and gas production from its Kharo-1 well, located in Khairpur, Sindh. The company announced this milestone in a notice to the Pakistan Stock Exchange (PSX) on Wednesday, marking another significant achievement in its extensive exploration operations.

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Key Details of Kharo-1 Production

The Kharo-1 well is currently producing 20 barrels per day (bpd) of oil and five million standard cubic feet per day (mmscfd) of gas. The production is connected to the OGDC Sinjhoro Processing Plant via a 6-inch, 12.5 km flow line. The gas produced is seamlessly integrated into the Sui Southern Gas Company (SSGC) network, further enhancing the energy supply to the region.

OGDC holds a 95% working interest in the Khewari Block, with the remaining 5% stake owned by Government Holding Private Limited (GHPL). This project is a testament to the company’s strategic investments and operational expertise in the energy sector.

A Step Forward in Operational Excellence

This achievement underscores OGDC’s commitment to operational excellence and its significant role in strengthening Pakistan’s energy infrastructure. The company emphasized that the successful production from the Kharo-1 well contributes not only to the company’s growth but also to the country’s energy security.

The Kharo-1 milestone follows the recent success at the Kunnar West Well-3 in Hyderabad, Sindh, where production commenced last month. With each new milestone, OGDC continues to enhance its production capabilities and contribute to meeting Pakistan’s growing energy demands.

OGDC’s Role in Pakistan’s Energy Landscape

As Pakistan’s largest E&P company, OGDC commands over 40% of the country’s total awarded exploration acreage, making it the dominant player in the oil and gas sector. The company’s operations span the entire spectrum of exploration, drilling, reservoir management, production, and engineering services, significantly contributing to the country’s energy supply.

OGDC’s Shareholder Composition

The government of Pakistan holds a majority stake of over 67% in OGDC, with other key stakeholders including the OGDC Employee Empowerment Trust and the Privatisation Commission of Pakistan. The government’s stake in the company underscores its strategic importance to Pakistan’s energy sector and its role in ensuring the sustainability of the country’s energy needs.

Looking Ahead: A Bright Future for OGDC

With its continued success and expansive operational footprint, OGDC is poised to remain at the forefront of Pakistan’s energy sector. The company’s innovative approaches and operational excellence position it as a key player in the exploration and production of oil and gas, both in Pakistan and internationally.

As Pakistan faces increasing energy demands, OGDC’s initiatives such as the Kharo-1 well production are pivotal to meeting those challenges and ensuring a sustainable energy future for the country.

Conclusion

The commencement of oil and gas production from the Kharo-1 well is a significant milestone for OGDC and Pakistan’s energy sector. As the largest E&P company in the country, OGDC’s efforts in expanding production capabilities play a crucial role in sustaining the nation’s energy needs. With the continued support of key stakeholders, OGDC is well-positioned to remain a leader in Pakistan’s energy landscape.