OGDC strengthens Pakistan’s energy reserves with Baragzai X-01 Discovery

News Image

MG News | January 01, 2026 at 12:47 PM GMT+05:00

0:00

January 01, 2026 (MLN): The Oil and Gas Development Company Limited (PSX:OGDC), operator of the Nashpa Exploration License with a 65% stake, in partnership with Pakistan Petroleum Limited (PPL) holding 30% and Government Holdings (Private) Limited (GHPL) with 5%, has made a notable oil and gas discovery at the Baragzai X-01 (Slant) exploratory well in the Datta Formation, District Kohat.

During the cased-hole Drill Stem Test (DST-02) in the Jurassic-age Datta Formation, the well produced 4,100 barrels of oil per day (BOPD) and 10.5 million standard cubic feet of gas per day (MMSCFD) at 32/64” choke size, with a wellhead flowing pressure of 3,880 psig.

The Baragzai X-01 (Slant) well, which began drilling on December 30, 2024, reached a total depth of 5,170 meters into the Kingriali Formation, according to the company's statement issued today.

Approximately 187 meters of the Datta Formation were encountered.

Strong hydrocarbon shows during drilling, petrophysical evaluations from open-hole wireline logs, and fracture indications from image logs prompted the cased-hole drill stem test.

Earlier, successful cased-hole testing (CHDST-01) in the Triassic-age Kingriali Formation had already indicated hydrocarbon potential.

This discovery is expected to contribute to closing the energy supply demand gap using indigenous resources and will strengthen the hydrocarbon reserves of OGDCL, its joint venture partners, and Pakistan.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 187,033.27
703.36M
-0.84%
-1588.52
ALLSHR 112,355.64
1,322.41M
-0.80%
-909.82
KSE30 57,253.65
170.47M
-0.83%
-477.72
KMI30 264,339.24
259.66M
-0.84%
-2232.30
KMIALLSHR 72,280.61
865.86M
-0.69%
-504.24
BKTi 53,720.25
43.65M
-1.13%
-611.48
OGTi 39,202.65
25.16M
0.13%
50.73
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,325.00 90,125.00
87,875.00
-340.00
-0.38%
BRENT CRUDE 64.80 64.86
63.61
-0.12
-0.18%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.85
-2.09%
ROTTERDAM COAL MONTHLY 98.65 98.65
98.50
0.80
0.82%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 60.28 60.32
59.22
-0.08
-0.13%
SUGAR #11 WORLD 14.83 14.84
14.66
0.11
0.75%

Chart of the Day


Latest News
January 21, 2026 at 04:42 PM GMT+05:00

Govt seeks space-based solutions to boost maritime management


January 21, 2026 at 04:15 PM GMT+05:00

Long term FX trends point to gradual currency realignment


January 21, 2026 at 04:10 PM GMT+05:00

PSX Closing Bell: Red by a Whisker


January 21, 2026 at 03:22 PM GMT+05:00

PKR holds steady against USD



Top 5 things to watch in this week

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