OGDC reports gas discovery at Bitrism East-1 well

News Image

MG News | October 01, 2025 at 09:21 AM GMT+05:00

0:00

October 01, 2025 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has reported a discovery of gas and condensate at the Bitrism East-1 well in District Khairpur, Sindh Province, the Company's filing on PSX reported today. 

The well was spudded on June 30, 2025, and drilled down to a depth of 3,800 meters in Sembar Formation, using OGDCL’s in-house expertise in collaboration with its Joint Venture Partner.

Based on wireline log interpretations, two Drill Stem Tests (DSTs) were carried out in the Lower Goru Formation (Massive and Basal Sands).

The first DST was conducted in Massive Sand while the second DST was conducted in Basal Sand.

In both the DSTs the well produced significant quantities of hydrocarbons with combined production potential of 22.5 MMSCFD gas and 690 barrels of condensate per day (BCD) at 32/64” choke.

This discovery from the Lower Goru Formation (Massive and Basal Sands) marks another success in the Bitrism Exploration License.

It will contribute to reducing the gap between energy supply and demand through indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country.

OGDC is the operator of the Bitrism Exploration License with a 95% working interest, along with its joint venture partner Government Holdings (Private) Limited (GHPL) holding 5%. 

Copyright Mettis Link News


Related News

Name Price/Vol %Chg/NChg
KSE100 170,741.35
410.45M
0.52%
876.82
ALLSHR 103,176.20
904.54M
0.44%
451.08
KSE30 51,932.10
160.24M
0.51%
261.68
KMI30 245,585.80
136.41M
0.55%
1354.98
KMIALLSHR 67,531.86
525.58M
0.58%
390.03
BKTi 45,672.13
42.39M
0.35%
160.88
OGTi 34,337.06
26.90M
1.63%
550.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 85,640.00 90,250.00
85,325.00
-4800.00
-5.31%
BRENT CRUDE 60.16 61.50
60.13
-0.96
-1.57%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.15
1.28%
ROTTERDAM COAL MONTHLY 95.75 96.50
95.75
-0.95
-0.98%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 56.42 57.80
56.40
-1.02
-1.78%
SUGAR #11 WORLD 14.93 15.13
14.78
-0.17
-1.13%

Chart of the Day


Latest News
December 15, 2025 at 04:59 PM GMT+05:00

PKR remains flat against USD


December 15, 2025 at 04:10 PM GMT+05:00

PSX Closing Bell: Keep On Rising


December 15, 2025 at 03:58 PM GMT+05:00

SBP cuts policy rate by 50bps to 10.5%


December 15, 2025 at 03:39 PM GMT+05:00

Fecto Cement faces temporary suspension at Sangjani Plant


December 15, 2025 at 03:25 PM GMT+05:00

Pakistan swaps handouts for handshakes



Top 5 things to watch in this week

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