Month: December 2024

OGDCL Revives and Enhances Oil Production from Pasakhi-5 Well in Hyderabad, Sindh

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crude oil

ISLAMABAD, December 26, 2024: Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has successfully revived and enhanced oil production from the Pasakhi-5 well, located in Hyderabad district of Sindh. The well is part of the Pasakhi Development & Production Lease (D&PL), with OGDCL holding a 100% working interest.As part of a strategic optimization initiative, OGDCL deployed a rig to install an artificial lift system (ESP) at the well to enhance oil production. Previously, the well was producing 480 barrels of oil per day (BPD) on…

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OGDCL Boosts Oil Production with Revived Well in Hyderabad

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Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has significantly enhanced oil output by reviving its Pasakhi-5 well in Hyderabad district, Sindh. In a notice to the Pakistan Stock Exchange (PSX), OGDCL announced that the Pasakhi-5 well, part of the Pasakhi Development & Production Lease where it holds a 100% working interest, has undergone a strategic upgrade. The company deployed a rig to install an artificial lift system (ESP), which increased the well’s oil production from 480 barrels per day (BPD) to an impressive 900…

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Sapphire Electronics Partners with Samsung for Local Production in Pakistan

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New-Samsung

KARACHI: Sapphire Electronics (Pvt) Limited, a subsidiary of Reliance Cotton Spinning Mills Limited (RCML), has announced a strategic partnership with Samsung Electronics to locally manufacture, assemble, and sell Samsung-branded electronic products and home appliances in Pakistan. The announcement, disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday, stated: “Sapphire Electronics (Pvt) Limited, a wholly owned subsidiary of RCML, has entered into an agreement with Samsung Electronics Co. Ltd., Republic of Korea, and Samsung Gulf Electronics Co. FZE, UAE, to produce and market Samsung-branded products in Pakistan.” Following…

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SNGPL Clarifies Gas Curtailment Claims

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SNGPL-Office

ISLAMABAD: In response to recent reports regarding gas field closures in favor of imported RLNG and alleged economic losses, Sui Northern Gas Pipelines Limited (SNGPL) has issued a clarification refuting key points in the published story titled “Local Gas Cuts Cause $194m Loss to Economy in 4 Months.” SNGPL stated that the indigenous gas fields were temporarily closed only in parts of December due to low RLNG demand from the power sector. Currently, all gas-producing fields are operational and producing at optimal capacity, with the power sector resuming RLNG consumption…

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Gas Pipeline Sabotage Halts Supply to Upper Balochistan and Quetta

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iranian gas

ISLAMABAD: A sabotage attack by unidentified miscreants severely damaged an 18-inch diameter gas pipeline of Sui Southern Gas Company (SSGC) near Akhtarabad, Quetta, disrupting gas supplies to Upper Balochistan and Quetta City. According to an initial report from the Bomb Disposal Squad, the pipeline near the Western Bypass was targeted, causing significant damage. SSGC’s technical teams promptly responded to extinguish the fire by shutting off the main valve. Repair work is set to commence Thursday morning after receiving security clearance from law enforcement agencies. The damaged 8-foot section of the…

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