Oil and Gas Development Company Ltd (OGDC), the operator of Wali Block, has discovered a second well, i.e. Bettani-2, having a flow rate of 2.1mmcfd/74bpd of gas and oil, respectively. Note that the Bettani-1 well is yielding 14.6mmcfd/978bpd of gas and oil as per Oct’24 data and has been in production since Jun’23. Additionally, a third well, Bettani Deep-1, is also under drilling.  The following discovery is expected to contribute an annualized EPS impact of PkR0.16/sh for OGDC.

Courtesy – AKD Research