Oil & Gas Development Company Limited (PSX: OGDC) has increased production at Nashpa Well-10 through rigless interventions in the Datta, Shinawari, Samanasuk, Lumshiwal, and Hangu formations, according to a notice issued to the Pakistan Stock Exchange on Friday.
The total production from the well, located in the Karak district of Khyber Pakhtunkhwa, has now reached 1,870 barrels per day (BPD) of oil and 7.02 million standard cubic feet per day (MMSCFD) of gas. This output is being injected into the SNGPL network, along with the recovery of 10 metric tons per day (MTon/Day) of LPG, the filing stated.
It is noteworthy that OGDC had previously disclosed on September 13, 2023, an enhancement in production at Nashpa Well-10 through rigless interventions in the Hangu-Lumshiwal formation, elevating production to 1,340 BPD of oil at that time. Current production has now increased to 1,870 BPD.
At the time of the filing, OGDC’s stock was trading at Rs. 137.8, down 0.13 percent or Rs. 0.18, with a turnover of 1.1 million shares on Friday.
