Exploration & Production

OGDC release reserves figures

Pakistan’s Oil and Gas Development Corporation (OGDC) has gross proven gas reserves of 6 trillion cubic feet (0.1699 trillion cubic metres), the company’s auditors said Sunday, with 2.6 tcf (0.0736 tcm) net to OGDC.
By James Batty 20 June 2011 0 172

Pakistan’s Oil and Gas Development Corporation (OGDC) has gross proven gas reserves of 6 trillion cubic feet (0.1699 trillion cubic metres), the company’s auditors said Sunday, with 2.6 tcf (0.0736 tcm) net to OGDC.

The reserves audit was prepared by TRACS International Consultancy, a subsidiary of AGR Petroleum Services, and released on Sunday as part of OGDC’s plan to issue bonds on the Singapore stock exchange. The audit report was prepared with an effective date of 1 July 2010, though has only just been made public.

The...