OGDCL Announces New Oil and Gas Discovery in KP

Oil and Gas Development Company Limited (OGDCL) has announced another significant oil and gas discovery at the Baragzai X-01 (Slant) exploratory well in the Nashpa Block, District Kohat, Khyber Pakhtunkhwa. According to a notification submitted to the Pakistan Stock Exchange, OGDCL holds a 65 percent working interest in the block, in partnership with Pakistan Petroleum Limited (30 percent) and Government Holdings (Private) Limited (5 percent). The discovery was made in the Samana Suk and Shinawari formations, where testing showed production of 3,100 barrels of oil per day and 8.15 MMSCFD of gas. OGDCL stated that the find will strengthen Pakistan’s domestic energy reserves and help reduce the country’s energy supply-demand gap.