State-owned Oil and Gas Development Corp. (OGDC) announced Tuesday that it has discovered oil and gas at its Nashpa-1 exploratory well onshore Pakistan, according to a statement issued to the Karachi Stock Exchange.
Located in the Karak district of the North West Frontier Province in Pakistan, the Nashpa-1 well has produced 3,000 barrels a day of oil and 9.678 million standard cubic feet per day of gas, said OGDC. This is OGDC's second discovery in the block.
The first discovery, Mela-1, was announced in September 2006 and reportedly tested 4,100 barrels per day of oil and 12 million cubic feet of gas per day, according to Dow Jones Newswires.
Most Popular Articles
From the Career Center
Jobs that may interest you