OGDC strikes oil and gas in Kohat

News Image

MG News | January 20, 2026 at 09:47 AM GMT+05:00

0:00

January 20, 2026 (MLN): Oil and Gas Development Company Limited (PSX:OGDC), operator of Nashpa Exploration License with 65% working interest, alongside joint venture partners Pakistan Petroleum Limited (30%) and Government Holdings Private Limited (5%), has made a significant oil and gas discovery at the Baragzai X-01 (Slant) exploratory well in District Kohat, Khyber Pakhtunkhwa Province.

The discovery was confirmed during a Cased Hole Drill Stem Test (CHDST-03) conducted in Samana Suk and Shinawari formations, where the well flowed at an impressive rate of 3,100 barrels of oil per day (BOPD) and 8.15 million standard cubic feet per day (MMSCFD) of gas.

The flow was achieved through a 32/64" choke size at wellhead flowing pressure (WHFP) of 3,010 psig.

The Baragzai X-01 (Slant) well was spud-in on December 30, 2024, as an exploratory well under the Nashpa Exploration License to assess the hydrocarbon potential of multiple formations including Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta, and Kingriali.

The well was successfully drilled to a total depth of 5,170 meters into Kingriali Formation.

Wireline logs evaluation indicated promising results, leading to the cased-hole drill stem test.

 Prior to this discovery, two earlier cased-hole drill stem tests had been conducted in Kingriali and Datta formations, which also resulted in oil and gas discoveries, demonstrating the area's strong hydrocarbon potential.Discovery will play a crucial role in mitigating the energy supply-demand gap through indigenous resources.

According to the company's statement issued today, the findings are expected to add significantly to the hydrocarbon reserves base of OGDCL, its joint venture partners, and contribute to Pakistan's overall energy security and resource development objectives.

 

 

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 188,036.20
101.37M
0.15%
274.51
ALLSHR 112,964.22
358.73M
0.26%
287.36
KSE30 57,571.21
44.60M
0.08%
48.86
KMI30 265,151.40
50.05M
0.15%
407.95
KMIALLSHR 72,545.55
216.52M
0.34%
245.53
BKTi 54,412.51
8.02M
-0.16%
-87.12
OGTi 38,946.97
6.88M
0.78%
302.42
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 91,670.00 95,600.00
91,325.00
-3995.00
-4.18%
BRENT CRUDE 63.99 64.22
63.92
0.05
0.08%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.25
-2.53%
ROTTERDAM COAL MONTHLY 97.20 97.20
97.15
-0.55
-0.56%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 59.33 59.57
58.53
-0.01
-0.02%
SUGAR #11 WORLD 14.99 15.00
14.60
0.42
2.88%

Chart of the Day


Latest News
January 20, 2026 at 10:48 AM GMT+05:00

Power generation beats expectations


January 20, 2026 at 10:17 AM GMT+05:00

Pakistan IT exports break $400m monthly barrier


January 20, 2026 at 10:05 AM GMT+05:00

Govt borrows Rs183bn debt in a week


January 20, 2026 at 09:57 AM GMT+05:00

M2 falls by Rs688bn in a week


January 20, 2026 at 09:51 AM GMT+05:00

Asia markets shift focus to China’s surging stock activity



Top 5 things to watch in this week

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