Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest exploration and production (E&P) companies, has made further oil and gas discoveries at its Baragzai X-01 (Slant) exploratory well in Kohat, Khyber Pakhtunkhwa.
The listed E&P disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.
“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 Lumshiwal formation at its exploratory well Baragzai X-01 (Slant) well, located in district Kohat, Khyber Pakhtunkhwa, Pakistan,” read the notice.
OGDCL shared that during the Cased Hole Drill Stem Test (CHDST-04) conducted in Hangu and Lumshiwal formations, the well produced oil at the rate of 225 barrels per day (bpd) and gas at the rate of 1.01 million standard cubic feet per day (MMSCFD), through a 32/64’’ choke size, at wellhead flowing pressure (WHFP) of 190 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, three cased hole drill stem tests were earlier conducted in Kingriali, Datta and Samana Suk + Shinawari formations, which resulted in oil and gas discoveries,” read the notice.
OGDCL was of the view that the latest discovery will contribute towards mitigating the energy supply–demand gap through indigenous resources and will add to the hydrocarbon reserves base of the company, its joint venture partners, and the country.
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