OGDCL makes significant oil and gas discovery in Khyber Pakhtunkhwa

Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P companies, announced on Thursday that it had made an oil and gas discovery over Datta Formation at its exploratory well Baragzai X-01 (Slant), located in District Kohat, Khyber Pakhtunkhwa.

The OGDCL shared the development in a notice to the Pakistan Stock Exchange (PSX) today.

The notice said that OGDCL, operator of the Nashpa Exploration License (65% working interest), had made the discovery with its joint venture partners — Pakistan Petroleum Limited (PPL) (30%) and Government Holdings (Private) Limited (GHPL) (5% carried interest).

“During cased-hole Drill Stem Test (DST-02) in Datta Formation (Jurassic age), the well flowed at the rate of 4,100 barrels of oil per day (BOPD) and 10.5 million standard cubic feet per day (MMSCFD) of gas, at 32/64″ choke size with wellhead flowing pressure of 3,880 psig. Baragzai X-01 (Slant) was spud-in on December 30, 2024, as an exploratory well and drilled down to a total depth of 5,170 meters into the Kingriali Formation,” the notice to the bourse said.

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The OGDCL further said that approximately 187 meters of the Datta Formation were encountered.

“Based on good hydrocarbon shows during drilling, interpretation of open-hole wireline logs (petrophysical evaluation) and fracture indications on image logs, the cased-hole drill stem test was conducted.

Earlier, successful cased hole testing (CHDST-01) in Kingriali Formation (Triassic age) at the well had also proven to be a discovery.

This oil and gas discovery will contribute toward mitigating the energy supply–demand gap through indigenous resources and will add to the hydrocarbon reserves base of OGDCL, its joint venture partners, and the country.“