Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s leading exploration and production (E&P) firms, has reported a significant oil and gas discovery at its Baragzai X-01 (Slant) exploratory well in Kohat, Khyber Pakhtunkhwa.
The publicly listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.
“We are pleased to inform that OGDCL, operator of Nashpa Exploration License (65% working interest), together with its joint venture partners – Pakistan Petroleum Limited (PPL) (30%) and Government Holdings (Private) Limited (GHPL) (5% carried interest) – has made an oil and gas discovery over lockhart limestone at its exploratory well Baragzai X-01 (Slant), located in District Kohat, Khyber Pakhtunkhwa,” the notice stated.
According to OGDCL, during a cased-hole Drill Stem Test (DST-05) in the Lockhart Limestone formation, the well produced 3,765 barrels of oil per day (bpd) and 11.2 million standard cubic feet per day (mmscfd) of gas. The flow was recorded through a 32/64” choke at a wellhead flowing pressure of 4,080 psig.
“Baragzai X-01 (Slant) well was spud-in on December 30, 2024 as an exploratory well in the Nashpa Exploration License to test the hydrocarbon potential of Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali formations.
“The well was successfully drilled down to a total depth of 5,170 meters into the Kingriali Formation. Based on the wireline logs evaluation, four cased hole drill stem tests were earlier conducted in Kingriali, Datta, Samana Suk + Shinawari and Hangu + Lumshiwal formations, which also resulted in oil and gas discoveries.”
The company added that the latest discovery is expected to help narrow the country’s energy supply-demand gap by boosting indigenous production. It will also expand the hydrocarbon reserves base of OGDCL, its joint venture partners, and Pakistan overall.
