OGDCL signs contract with French co on WIS installation

Oil and Gas Development Company Limited (OGDCL) on Tuesday signed a contract with SNF S.A., a French specialty chemical company and world leader in polyacrylamide production, for the installation and operation of advanced Water Injection Systems (WIS) at its Kunnar and Pasakhi oil fields located in Hyderabad district, Sindh. The project is projected to enhance oil production by approximately 9 million barrels and increase gas production by 3 billion cubic feet. It is also projected to improve the recovery factor of the fields by 8-10 percent. The recovery factor refers to the percentage of oil that can be extracted from a reservoir compared to the total volume originally present. With an estimated additional revenue generation of USD 460 million over the life of the fields, the project offers strong economic returns.