ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), the operator of the Togh and Togh Bala Development and Production Lease (D&P.L), on Thursday announced the successful commencement of production from the Togh-02 well from Lumshiwal-I Formation. The well is situated in the Kohat district of Khyber Pakhtunkhwa.
The Togh-02 well is currently contributing 70 barrels of condensate and 8.0 Million Standard Cubic Feet per Day (MMSCFD) gas, into SNGPL’s network. OGDCL remains steadfast on its core objective of adding to shareholder value through growth oriented business strategy. Production from the well is projected to provide crucial annual foreign exchange savings in excess of $38 million per annum, reinforcing import substitution and strengthening Pakistan’s economy.
Related posts
-
Pakistan Petroleum Limited Secures 10-Year Lease Extension for Sui Gas Field
KARACHI: Pakistan Petroleum Limited (PPL) announced the approval of... -
ECC Approves Key Circular Debt and Financial Measures for Fiscal Year 2024-25
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet,... -
Traders Urge SSGC for Reliable Winter Gas Supply, Call for Official Distribution Points in Hyderabad
KARACHI: The Hyderabad Chamber of Small Traders and Small...