Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest exploration and production (E&P) companies, has made significant 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 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,” read the notice.
OGDCL shared that during cased-hole Drill Stem Test (DST-05) in Lockhart Limestone, the well flowed at a rate of 3,765 barrels of oil per day (bpd) and 11.2 million standard cubic feet per day (mmscfd) of gas, 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.”
OGDCL shared that the latest 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.
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