Oil and Gas Development Company Ltd (OGDC) has enhanced production in Rajian-05 through installation of electrical submersible pumps (ESP).

Following the workover, production has increased to 3.1kbpd of oil and 1.0mmcfd of gas, compared to 1.1k bpd/0.5mmcfd of oil/gas during 3QFY25.

Notably, OGDC is the wholly owned operator of the Rajian heavy oil field, where several workovers and artificial lift systems have been implemented at previous wells to expedite the revival. We anticipate the aforementioned development to have an annualized EPS impact of ~PkR1.3 per sh for OGDC, respectively.

Courtesy – AKD Research