ISLAMABAD: Pakistan’s leading energy exploration company, Oil and Gas Development Company Limited (OGDCL), has successfully revived a suspended heavy oil well at its Rajian Oil Field in Gujar Khan, Punjab. This strategic move has led to a significant 67% increase in cumulative production, rising from 1,500 barrels per day (bpd) to an impressive 2,500 bpd.
Reviving Rajian-3A: A Strategic Milestone
The well in focus, Rajian-3A, reaches a depth of 3,652 meters and was temporarily suspended in 2020 due to formation challenges. OGDCL deployed cutting-edge artificial lift systems, including the Electrical Submersible Pump (ESP), along with innovative techniques to bring the well back into operation.
The revival of Rajian-3A contributes 1,000 bpd to the overall field output, marking a critical achievement in OGDCL’s broader field optimization program. This program targets multiple wells, with plans to conduct 11 workover jobs to maximize oil production.
Commitment to Energy Sustainability
OGDCL’s management highlighted this success as part of their long-term strategy to improve operational efficiency and strengthen Pakistan’s domestic energy resources. By reducing reliance on imported energy, the company aims to play a key role in the country’s journey toward energy independence.
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“Rig N-4, owned by OGDCL, has been deployed on-site and will remain operational throughout the optimization program,” the company announced, emphasizing its commitment to enhancing productivity and resource utilization.
Broader Impact on Pakistan’s Energy Sector
This achievement comes on the heels of OGDCL’s recent successes, including the commencement of natural gas production from the Uch-35 development well in Dera Bugti, Balochistan. These milestones reflect the company’s ongoing efforts to improve energy output across Pakistan, despite facing economic challenges.
While operational achievements are promising, OGDCL’s financial results for the quarter ending September 30, 2024, reported a 16% decline in profits. Profit-after-tax (PAT) stood at Rs41.02 billion, compared to Rs49.03 billion in the same quarter of the previous year. Earnings per share (EPS) also dropped to Rs9.54 from Rs11.40.
OGDCL’s Vision for the Future
Despite financial fluctuations, OGDCL remains committed to advancing Pakistan’s hydrocarbon exploration and production capabilities. The successful revival of Rajian-3A and its subsequent production boost underscore the company’s role as a key player in strengthening the country’s energy sector.
As OGDCL continues to implement strategic projects and invest in innovative technologies, it is well-positioned to meet the nation’s growing energy demands and support economic stability.
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