Oil and Gas Development Company Limited has made four discoveries during the last three months with accumulative potential to produce 886 Barrels per day oil and 26.432 Million Standard Cubic Feet per day gas.
Official sources told APP that due to aggressive exploration strategy, the company found three hydrocarbon deposits in collaboration with its partners in different areas of Khyber Pakhtunkhwa (KP) and one in Sindh.
With a portfolio of forty-three exploration licenses, the company has the largest exploration acreage in the Pakistan, covering 24 percent of the total awarded acreage as of June 30, 2019. Currently, all production volumes are being realized from onshore areas of the country, while it also has working interest offshore exploration blocks.
Source: Radio Pakistan