PAKISTAN – Oil & Gas
Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in the Nashpa Block, district Kohat, Khyber Pakhtunkhwa.
According to the company, the exploratory well has successfully tested 2,280 barrels per day (BPD) of oil and 5.6 million standard cubic feet per day (MMSCFD) of gas through a 32/64″ choke at a wellhead flowing pressure of 2,400 psi. This marks the first-ever oil and gas discovery from the Kingriali Formation in the Nashpa Block.
OGDCL operates the Nashpa Exploration License with a 65% working interest, alongside joint venture partners Pakistan Petroleum Limited (PPL) with 30% and Government Holdings (Private) Limited (GHPL) with 5% carried interest.
The Baragzai X-01 (Slant) well was spud-in on December 24, 2024 and drilled to a total depth of 5,170 meters into the Kingriali Formation. The well encountered a 90-meter interval of Triassic-age reservoir, and following promising hydrocarbon indications along with interpretation of open-hole wireline logs, OGDCL conducted a successful cased-hole drill stem test (DST).
OGDCL said the discovery not only de-risks deeper exploration prospects in the region but will also help bridge Pakistan’s energy supply-demand gap by contributing additional indigenous hydrocarbon resources. The company stated that the find will enhance the reserves portfolio of OGDCL, its JV partners, and ultimately the country. – ER News Desk
READ MORE
OGDCL Tests New Gas and Condensate Well at Dars West Field in Sindh
PAKISTAN Oil and Gas Development Company Limited (OGDCL) has successfully tested a new development well…
HBL Reappoints Muhammad Nassir Salim as President & CEO for Two-Year Term
PAKISTAN Habib Bank Limited (HBL) has announced the reappointment of Mr. Muhammad Nassir Salim as…
PC Board Forms Committee to Negotiate with ADB on Islamabad Airport Privatisation
PAKISTAN The Privatisation Commission Board (PC Board), in its 248th meeting held on Monday, constituted…
Govt Imposes Captive Power Levy Under IMF Condition; Financial Benefit to Go to Consumers
PAKISTAN The federal government has reportedly imposed a levy on captive power plants in line…
Fast Cables Limited Completes Plant Expansion Using IPO Proceeds
PAKISTAN Fast Cables Limited has announced the successful completion of a major expansion of plant…
Chemical Manufacturers Raise Sector Concerns; Minister Assures Policy Review
PAKISTAN A delegation of the Pakistan Chemical Manufacturers Association (PCMA) presented its concerns regarding the…

