OGDC brings Baragzai X-1 well into production

News Image

MG News | April 16, 2026 at 09:18 AM GMT+05:00

April 16, 2026 (MLN):  Oil and Gas Development Company Limited (PSX:OGDC) has commenced production from the Baragzai X-1 well in the Nashpa Exploration License, District Kohat, Khyber Pakhtunkhwa.

The slant well, drilled into the Lockhart Limestone formation, is now producing approximately 5,300 barrels of oil per day (BPD), 17 million standard cubic feet of gas per day (MMSCFD), and 15 metric tons of LPG daily.

An 8" x 8.1 km flowline connecting the Baragzai X-1 well to the Mela facility has been laid, enabling onward processing at Nashpa Plant. Processed gas is currently being injected into the SNGPL system.

OGDC, which holds a 56.45% working interest as operator of the Nashpa block, is partnered with Pakistan Petroleum Limited (PPL) at 26.05% and Government Holdings (Private) Limited (GHPL) at 17.50%.

In Phase II, the company plans to drill two appraisal wells to delineate the reservoir and enhance production potential, with a full field development plan to follow based on appraisal outcomes.

The aforementioned information was disseminated through a notification to Exchange.

Federal Minister for Petroleum Ali Pervaiz Malik inaugurated the commercial production from OGDC's Baragzai X-01 Well in Nashpa Block, according to an X post by the Ministry of Energy.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,153.17
162.52M
0.16%
268.58
ALLSHR 103,477.03
691.59M
0.17%
179.80
KSE30 50,901.99
58.56M
0.04%
18.99
KMI30 243,765.66
75.35M
0.26%
626.41
KMIALLSHR 67,087.03
368.61M
0.16%
107.81
BKTi 47,614.72
15.03M
-0.06%
-27.39
OGTi 34,853.92
4.57M
-0.80%
-282.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 86,120.00 86,455.00
80,410.00
4790.00
5.89%
BRENT CRUDE 100.51 104.90
98.98
-3.36
-3.23%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
6.10
4.92%
ROTTERDAM COAL MONTHLY 138.50 0.00
0.00
1.45
1.06%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 92.45 97.22
91.19
-3.63
-3.78%
SUGAR #11 WORLD 18.38 18.60
18.15
0.14
0.77%

Chart of the Day


Latest News
September 21, 2026 at 04:52 PM GMT+05:00

Auto assemblers accelerate profit growth in FY26


September 21, 2026 at 04:25 PM GMT+05:00

Pakistan set to receive second Qatari LNG cargo in September


September 21, 2026 at 04:03 PM GMT+05:00

PSX Closing Bell: A Mild Upswing


September 21, 2026 at 03:53 PM GMT+05:00

Bitcoin closes in on $85,000 as bears get forced out



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg