OGDC finds gas in Hangu, Lumshiwal formations

News Image

MG News | January 02, 2026 at 04:52 PM GMT+05:00

0:00

January 02, 2026 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has reported a gas discovery from the Hangu and Lumshiwal formations at Bilitang-1, an exploratory well located in district Kohat of Khyber Pakhtunkhwa province,  a significant development in the TAL Block.

Bilitang-1 is operated under the TAL Joint Venture comprising Oil & Gas Development Company Limited (OGDCL) with a 30% working interest, MOL Pakistan Oil & Gas Co. B.V. as operator with 10%, Pakistan Petroleum Limited (PPL) holding 30%, Pakistan Oilfields Limited (POL) 25%, and Government Holdings Private Limited (GHPL) 5%.

The well was spudded on August 10, 2025, and successfully drilled to a total depth of 4,011 meters TVD, according to the company's statement issued today.

Based on the interpretation of LWD and wireline log data, the exploratory targets Hangu and Lumshiwal formations were tested and flowed gas at a rate of approximately 1.58 million standard cubic feet per day (MMscfd) on a 40/64-inch choke, with a wellhead flowing pressure of 164 psi.

The discovery has de-risked further exploration potential in the TAL Block and opened up new upside opportunities.

It is expected to contribute toward enhancing Pakistan’s energy security through indigenous resources while adding to the hydrocarbon reserves base of OGDCL, its joint venture partners, and the country.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 178,853.10
424.99M
3.29%
5702.68
ALLSHR 107,335.86
693.28M
2.85%
2972.30
KSE30 54,676.69
210.97M
3.52%
1860.41
KMI30 250,620.93
139.36M
2.14%
5257.28
KMIALLSHR 68,647.30
398.45M
1.89%
1273.91
BKTi 52,773.10
107.33M
7.09%
3494.44
OGTi 35,032.42
34.95M
0.79%
274.54
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 67,445.00 68,570.00
66,725.00
-420.00
-0.62%
BRENT CRUDE 69.48 69.70
67.36
2.06
3.06%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
-3.00
-3.03%
ROTTERDAM COAL MONTHLY 105.50 105.50
105.50
-0.10
-0.09%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 64.22 64.42
62.04
1.96
3.15%
SUGAR #11 WORLD 13.63 13.69
13.47
0.15
1.11%

Chart of the Day


Latest News
February 18, 2026 at 07:16 PM GMT+05:00

Pakistan's pharma sector offers a market remedy for volatility


February 18, 2026 at 05:31 PM GMT+05:00

SBP raises over Rs772bn through MTBs, PIB auctions


February 18, 2026 at 05:18 PM GMT+05:00

Roshan Packages profit plunges 86% in 1HFY26


February 18, 2026 at 04:26 PM GMT+05:00

Cherat Cement earnings drop 20% in H1


February 18, 2026 at 04:07 PM GMT+05:00

PSX Closing Bell: A Step in the Right Direction



Top 5 things to watch in this week

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