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Invention of Advance Technology of Petroleum Engineering

Invention of Advance Technology of Petroleum Engineering. Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either like as crude oil or Gas (natural gas).


Beginnings & Mission of Invention of Advance Technology of Petroleum Engineering
Petroleum Technology Solutions was founded to provide geo-science, engineering, and financial consulting services to the Oil and Gas Industry in Pakistan. In early 2012, EnP Solutions, an oil & gas consulting company, took a majority stake in the company. Shortly afterwards a collaboration agreement was signed with Beicip-Franlab covering Pakistan. Our mission is to provide holistic yet fit for purpose solutions that bring clarity to our clients’ investment decisions. To achieve this we commit that every piece of work we deliver will be vetted for technical and commercial rigor. We believe our success will be a by-product of our clients’ success.
OGDCL is the national oil & gas company of Pakistan and the flagship of the country’s E&P sector. The Company is the local market leader in terms of reserves, production and acreage, and is listed on Pakistan stock exchange and also on the London Stock Exchange since December 2006. The Company is all set to ride the wave of E&P activity, equipped with its Vision & Mission, Business and Strategic Plan, a debt-free and robust balance sheet and healthy cash reserves. The Company is ready to take on the challenges of a volatile E&P industry.

ISLAMABAD, January 31 (Online): Oil and Gas Development Company Limited (OGDCL) plans to drill third well at Chanda Oil Field in NWFP by March this year.

Official sources told Online that the company also planned to install liquefied Petroleum Gas (LPG) Plant at Chanda Oil Field this year where 25-40 million tons of LPG will be produced.

The Chanda field is located at Shakardara area in District Kohat of NWFP.

They said that Chanda Oil Field, the first ever discovery in NWFP, started giving production from July 17 and it is currently producing 3,500 barrels of oil and 13 million cubic feet of gas per day.

Chanda is a joint venture between OGDC (72 percent), government holdings (private) Limited (17.5 ) and Zaver Petroleum (10.5).

First well Chanda-I was drilled in 1999 and second well was drilled in 2000. Being the first ever discovery in NWFP, start of regular commercial production from Chanda field marks an important milestone, which generate revenues in the form of royalty and General Sales Tax (GST) for NWFP from oil and gas production.

Sources said that OGDCL was also working in the adjoining area and a well (Drabokas-I) is being drilled in District Kohat. Another well at Nashpa, is planned to be drilled by the end of this year.

OGDCL is public limited company engaged in exploration and production Exploration and Production activities in the country for the last four decades.

It holds the largest share of oil (47 percent) and gas (35 percent) of the total reserves in the country. Its percentage share of total oil and gas production in Pakistan is 34 percent and 28 percent respectively.

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