OGDC 51% shares put on sale. (Corporate Briefs).
According to a PC handout, OGDC is operating in various production and exploration concessions of the northern, central and southern regions of the country with 1.2 billion Barrel Oil Equivalent(BOE) (9.6 TCF gas and 170 MMSTB oil) remaining proven plus probable '2P' reserves mostly operated as of January 1, 2002. It has 130,000 BOE per day production (780 MMSCFD gas and 27,000 b/d oil). OGDC has the largest acreage position in Pakistan with considerable exploration upside and significant scope for appraisal and development (2.1 billion BOE proven, probable '3P' remaining reserves).
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|Date:||Aug 1, 2002|
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