Pakistan

OGDCL to harness geothermal energy | The Express Tribune

Published

3 مہینے ago

جون 27, 2024

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KARACHI:

Oil and Gas Development Company Limited (OGDCL) – Pakistan’s largest oil and gas exploration firm – has partnered with a global technology firm to enhance the use of technology for better planning, exploration, and production of oil and gas deposits across Pakistan. SLB, a company listed on the New York Stock Exchange and operating in around 100 countries, will assist OGDCL in improving controls over carbon footprints and combating climate change by developing technologies that reduce emissions and enhance geothermal energy for a better future for people and the planet.

In a statement, SLB said that as part of the collaboration, it will help OGDCL develop a plan to evaluate the geothermal potential of 25 fields in the North, South, and Central basins in Pakistan, which have been pre-selected by the state-owned domestic exploration firm. The international firm’s experts, together with the OGDCL team, will assess surface, subsurface, and well data for the fields to identify focus areas and estimate their geothermal potential using regional models and well productivity calculations.

The initial OGDCL pilot project’s scope includes screening, evaluation, and selection of nine fields for detailed analysis, evaluation of geothermal potential, wellbore modelling, and determination of next steps. SLB stated on its website, “We create and deploy the technology and systems needed to simultaneously reduce emissions while meeting the world’s growing energy demands, ensuring progress for people and the planet, on the journey to net zero and beyond.”

Ahmed Hayat Lak, MD/CEO of OGDCL, was quoted in the statement saying, “OGDCL is committed to exploring innovative avenues for energy development in Pakistan, and its collaboration with SLB marks a significant step toward harnessing the country’s geothermal potential. By leveraging SLB’s expertise and technology, we aim to not only evaluate the potential of geothermal resources but also contribute to sustainable energy solutions for the nation.”

Karim Badawi, MENA development director for SLB’s New Energy Business, said, “The geothermal pilot project study encompassing fields across the country’s three basins is an important first step in Pakistan’s journey to develop its geothermal resources, and we are excited to work with OGDCL on exploring renewable, lower carbon energy sources.” Governments across the region are recognising the potential of geothermal as an alternative clean energy source that can support their net zero initiatives.

In its latest financial statement for the three quarters ending March 31, 2024, OGDCL reported that six exploration blocks were awarded to the company, comprising four operated blocks and two non-operated blocks. However, drilling activities were impacted by a shortage of spare parts and consumables for rig equipment due to LC (letter of credit/import) issues, leading to the stacking of rig N-1 and delays in the repair and maintenance work of other rigs.

The company has drilled eight wells in the nine-month period, including three exploratory wells. Drilling and testing of four wells from the previous fiscal year were also completed. Total drilling recorded during the six months was 25,777 meters (9M 2022-23: 23,959 meters). OGDCL’s exploration activities yielded four gas condensate discoveries in different parts of the country. The expected combined daily production potential of these discoveries is 481 barrels of oil and 28 million cubic feet (MMcf) of gas.

OGDCL’s average daily net saleable crude oil, gas, and LPG (liquid petroleum gas) production remained stable at 33,339 barrels, 720 MMcf, and 735 tons, respectively, in the nine-month period. Their share in domestic production stood at 46%, 28%, and 38%, respectively.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

10 گھنٹے ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

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Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

Published

11 گھنٹے ago

ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

Beware of These Illegal Housing Societies in Lahore – September 2024 Update

Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

12 گھنٹے ago

ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

Published

13 گھنٹے ago

ستمبر 20, 2024

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