OGDC maintains 8-10% production growth target despite operational constraints

OGDC is keeping its FY27 oil and gas output growth goal at 8-10%, despite mature wells losing output and infrastructure problems delaying development. The company expects to offset natural declines of about 16% and other operating challenges, according to Profit by Pakistan Today, citing an Arif Habib Limited report on OGDC’s analyst briefing.

OGDC plans to spend more than Rs100 billion a year on capital projects for the next two years, although final amounts could differ by up to 25%. Baragzai drilling is planned, while raising production at Rajian depends on arrangements for its heavy crude and addressing limits at Lashari; Rajian’s estimated capacity is 8,000-10,000 barrels daily. OGDC is also assessing lithium at a geothermal well, with early findings expected within three months, and Turkish Petroleum has joined its offshore venture, where seismic work is due to start within two weeks.