OGDCL discovers oil & gas in Khyber Pakhtunkhwa
- Says well flowed at a rate of 2,280 Barrels per Day (BPD) of Oil
The Oil and Gas Development Company Limited (OGDCL) announced on Wednesday that it had discovered oil and gas at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, district Kohat, Khyber Pakhtunkhwa.
This was shared in a notice to the Pakistan Stock Exchange (PSX) today.
The company said that this was the first oil and gas discovery from Kingriali Formation in Nashpa Block.
“The well flowed at a rate of 2,280 Barrels per Day (BPD) of Oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of Gas, through choke size 32/64“at wellhead flowing pressure (WHFP) of 2400 psi.”
The OGDCL shared that Baragzai X-01 (Slant) well was spud-in on December 24, 2024 as an exploratory well and drilled to a depth of 5,170 meters into the Kingriali Formation, where a 90-meter-thick interval (Triassic age) was encountered.
“Based on encouraging hydrocarbon shows and interpretation of open hole wireline logs, a successful cased hole drill stem test (DST) was carried out.
This notable discovery has further de-risked deeper exploration in the area and will contribute toward mitigating the energy supply-demand gap through indigenous resources, while adding to the hydrocarbon reserves base of the Company, its joint venture partners, and the country.”
OGDCL is the operator of the Nashpa Exploration License, holding a 65% working interest, along with its joint venture partners: Pakistan Petroleum Limited (PPL) with a 30% working interest and Government Holdings (Private) Limited (GHPL) with a 5% carried interest, added the company.
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