Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s leading exploration and production companies, has announced a new oil and gas discovery in District Kohat, Khyber Pakhtunkhwa.
The discovery was made at its exploratory well Baragzai X-01 (Slant), located under the Nashpa Exploration License.
OGDCL shared the development in an official notice to the Pakistan Stock Exchange (PSX) on Thursday. According to the notice, OGDCL is the operator of the project with a 65 percent working interest.
Its joint venture partners include Pakistan Petroleum Limited (PPL) with a 30 percent stake and Government Holdings (Private) Limited (GHPL) with a 5 percent carried interest.
The discovery was made in the Datta Formation, which belongs to the Jurassic age. During a cased-hole Drill Stem Test (DST-02), the well produced encouraging results.
It flowed at a rate of 4,100 barrels of oil per day and 10.5 million standard cubic feet of gas per day. The test was conducted at a 32/64-inch choke size with a wellhead flowing pressure of 3,880 pounds per square inch gauge (psig).
OGDCL stated that Baragzai X-01 (Slant) was spud-in on December 30, 2024, as an exploratory well. It was drilled to a total depth of 5,170 meters, reaching the Kingriali Formation.
Energy experts view this discovery as a positive step for Pakistan’s oil and gas sector. It is expected to help reduce reliance on imported energy and support domestic production. The find also highlights OGDCL’s continued efforts to explore new reserves and strengthen the country’s energy security.