ISLAMABAD
\nOil & Gas Development Company Limited (OGDCL), Pakistan\u2019s industry leader in exploration and production (E&P), is making significant strides in the development of the country\u2019s unconventional hydrocarbon resources.
\nThis follows incentives introduced by government under the new tight gas policy in 2024, which offers a 40% premium over the 2012 policy price to promote the exploration and commercial exploitation of tight gas, said a news release.
\nOGDCL has already made notable progress in this area, with the successful production of its first tight gas well, Nur West-1, followed by additional wells to be fracked through in-house expertise. As part of its ongoing efforts to unlock the full potential of Pakistan\u2019s tight gas resources, OGDCL has launched a comprehensive study to assess tight gas prospectivity across key areas in the Lower Indus Basin, Sindh.
\nTo support this ambitious initiative, OGDCL announced an international tender on March 7, 2024, for an Integrated Study of Tight Gas Prospectivity Evaluation.
\nAfter a rigorous two-stage evaluation process involving 11 international bidders and 7 shortlisted companies, Schlumberger (M\/s SLB) was selected as the preferred contractor.
\nThe selection was based on Schlumberger\u2019s proven technical capabilities and financial competitiveness. The study, which will identify the most promising tight gas areas and wells, will play a crucial role in shaping OGDCL\u2019s future drilling and production strategies.
\nUpon completion, the study will pinpoint optimal locations for new wells, as well as re-entry opportunities for existing wells, to conduct hydraulic fracturing (fracking) and unlock gas from tight reservoirs. This will help OGDCL to commercialize tight gas resources on a fast-track basis, helping to meet Pakistan\u2019s growing energy needs.
\nOGDCL\u2019s partnership with Schlumberger is a key milestone in its ongoing efforts to leverage advanced technologies and best practices in unconventional resource development. This collaboration is expected to bring valuable expertise and innovation to Pakistan\u2019s tight gas sector, ensuring the sustainable and efficient exploitation of the country\u2019s hydrocarbon resources.
\nBased on regional studies and using preliminary data, it is estimated the total prospective resource of Pakistan\u2019s tight gas is 25.2 TCF. On its part, OGDCL plans to execute 25 wells, with an initial production potential of 60-75 MMSCFD and an estimated reserve of 75-90 BCF over the next 5 years.
\nThrough this strategic initiative, OGDCL reaffirms its commitment to driving Pakistan\u2019s energy security and contributing to the nation\u2019s economic growth by harnessing every available hydrocarbon resource. \u2014DNA<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Oil & Gas Development Company Limited (OGDCL), Pakistan\u2019s industry leader in exploration and production (E&P), is making significant strides in the development of the country\u2019s unconventional hydrocarbon resources. This follows incentives introduced by government under the new tight gas policy in 2024, which offers a 40% premium over the 2012 policy price to promote […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-444801","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n