OGDC Revives Heavy Oil Well in Chakwal, Boosts Production

Oil and Gas Development Company Limited (PSX: OGDC) Monday announced that it has successfully revived a heavy oil well within its Northern Region field.   In a notice to the Pakistan Stock Exchange (PSX), the company said that this initiative was undertaken at the Rajian Oil Field, located in Gujar Khan E.L., District Chakwal, and represents a strategic step towards enhancing production capabilities. Earlier, the Field’s four heavy oil-producing wells were contributing 1,500 barrels per day (BPD) and now the cumulative production will be 2,500BPD, it added.  The notice said that OGDC developed a comprehensive plan to optimize production from the Rajian field, focusing on executing 11 workover jobs and implementing advanced artificial lift systems. The first target for this initiative was Rajian-3A, which extends to a depth of 3,652 meters.   This well had to be temporarily suspended in 2020 due to formation challenges. OGDCL’s innovative approach involved completing the well with an Electrical Submersible Pump (ESP) in the Chorgali-Sakessar and Tobra formations. This effort successfully revived production at the well, augmenting output to 1,000 BPD, it added.  With the optimization program for the remaining 10 wells underway, OGDC anticipates a significant boost in production from the Rajian field. Additionally, OGDCL owned Rig N-4, deployed for the implementation of the program, will remain at the Rajian field for the entire duration.   The anticipated outcomes will be shared with shareholders upon completion of these operations, reflecting the company’s commitment to maximizing asset potential and ensuring value creation, it said.