OGDCL revives Rajian-11 heavy oil well production

Oil & Gas Development Company Limited (OGDCL) has successfully revived production at the Rajian-11 heavy oil well, located in the Chakwal district, through the installation of an Electrical Submersible Pump (ESP).

This strategic move aims to enhance production using advanced artificial lift techniques.

The Rajian-11 well, which extends to a depth of 3,774 meters, had been suspended since 2020 due to formation challenges. OGDCL completed the well with an ESP in the Tobra, Jutana, and Sakesar formations, resulting in the restoration of production to 1,000 barrels per day (BPD) of oil.

"This achievement underscores OGDCL’s commitment to maximizing hydrocarbon recovery and operational efficiency, reinforcing its position as a leader in Pakistan’s energy sector," said Wasim Ahmad, Company Secretary, in a statement.

The Rajian Oil Field, discovered in August 1994, is fully owned and operated by OGDCL under the Gujar Khan E.L. The announcement was made to the Pakistan Stock Exchange and the London Stock Exchange, in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations.

OGDCL continues to play a pivotal role in Pakistan's energy sector, focusing on innovative techniques to boost production and ensure energy security for the country.

As per the company’s latest financial results, OGDCL reported a profit-after-tax (PAT) of Rs41.44 billion for the three months ended December 31, 2024. This reflects a decline of over 44% compared to Rs74.26 billion in the same period of the previous year, attributed to lower sales and higher taxes.

As Pakistan’s largest exploration and production (E&P) company, OGDCL oversees operations spanning exploration, drilling, production, reservoir management, and engineering support. The company has the most extensive exploration acreage in Pakistan, covering over 40% of the country’s total awarded acreage with net hydrocarbons of oil and gas.