OGDC brings new Sindh gas well online, adds 10.5 MMSCFD output

News Image

MG News | June 30, 2026 at 09:36 AM GMT+05:00

June 30, 2026 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has successfully tested a new development well in Sindh that is expected to bolster Pakistan's domestic hydrocarbon supplies as the country seeks to reduce reliance on imported energy.

The state-run explorer said on Tuesday that Chak 63-05, located in the Chak 63 Development & Production Lease (D&PL) in Sanghar district, flowed 10.5 million standard cubic feet of gas per day (MMSCFD) and 600 barrels of condensate per day (BPD) during production testing through a 32/64-inch choke, with a wellhead flowing pressure of 2,580 psig.

The well was spudded on April 20, 2026, drilled to a total depth of 3,325 meters, and completed in the Massive Sand reservoir.

OGDCL said the well will be connected to the SSGC transmission network, with work underway to enable early commercial production.

The company operates the lease with a 62.5% working interest, while Government Holdings (Private) Limited (GHPL) owns 22.5% and Orient Petroleum Inc. Limited (OPL) holds the remaining 15% stake.

The additional production is expected to strengthen indigenous gas and condensate supplies, supporting Pakistan's energy security at a time of persistent supply constraints.

The development also reinforces OGDCL's efforts to sustain production and enhance long-term value for shareholders.

Copyright Mettis Link News



Related News

Name Price/Vol %Chg/NChg
KSE100 175,379.87
492.78M
1.96%
3366.38
ALLSHR 105,023.93
996.99M
1.82%
1874.96
KSE30 51,596.07
292.99M
1.93%
977.56
KMI30 251,232.44
189.35M
1.96%
4834.26
KMIALLSHR 67,826.54
525.89M
1.78%
1187.47
BKTi 48,333.80
98.79M
2.56%
1207.30
OGTi 34,809.01
9.82M
1.19%
408.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,285.00 81,185.00
76,975.00
-3050.00
-3.80%
BRENT CRUDE 96.90 97.87
93.44
2.28
2.41%
RICHARDS BAY COAL MONTHLY 127.25 127.25
127.00
1.15
0.91%
ROTTERDAM COAL MONTHLY 138.65 138.65
138.50
0.35
0.25%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 90.07 90.35
86.65
1.95
2.21%
SUGAR #11 WORLD 18.82 18.87
18.35
0.35
1.90%

Chart of the Day


Latest News
November 05, 2026 at 05:27 PM GMT+05:00

BoE raises Bank Rate to 4%


November 05, 2026 at 04:58 PM GMT+05:00

Gold price in Pakistan rises Rs9,600 per tola


November 05, 2026 at 04:51 PM GMT+05:00

Bilal Bin Saqib, Mastercard discuss digital-asset technologies


November 05, 2026 at 04:13 PM GMT+05:00

PKR strengthens to 276.67 against USD


November 05, 2026 at 04:09 PM GMT+05:00

PSX Closing Bell: Green Without Brakes



Top 5 things to watch in this week

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