OGDC Increases Oil Production to 750 Barrels Per Day at Kal-03 Well in Chakwal District
Oil & Gas Development Company Limited (OGDC) has boosted oil production at its Kal-03 well in Chakwal from 50 to 750 barrels per day following a successful workover operation. This enhancement, achieved through Multistage Physico-Chemical treatment and the installation of an electric submersible pump, is part of OGDC's strategy to optimize output from mature fields. Despite this operational success, OGDC's stock fell by 3.13% to Rs. 285.5 during trading.
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Oil & Gas Development Company Limited (OGDC) has increased production at its Kal-03 well in Chakwal district from 50 barrels per day to 750 barrels per day after a successful workover operation. The enhancement involved Multistage Physico-Chemical (MPC) treatment and the installation of an electric submersible pump (ESP).
This initiative is part of OGDC's ongoing program to optimize production from mature oil fields. Despite this increase in output, OGDC's shares fell by 3.13% on the stock market to Rs. 285.5, with 14.8 million shares traded.
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