OGDCL makes major oil & gas discovery at Baragzai X-01 in Nashpa Block

News Image

MG News | December 10, 2025 at 03:25 PM GMT+05:00

0:00

December 10, 2025 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has reported a significant oil and gas discovery at the Baragzai X-01 (Slant) exploratory well in the Nashpa Block, located in district Kohat, Khyber Pakhtunkhwa.

According to the company, the well has produced 2,280 barrels per day of oil and 5.6 million standard cubic feet per day (MMSCFD) of gas through a 32/64” choke at a wellhead flowing pressure of 2400 psi.

This marked the first-ever discovery from the Kingriali Formation within the Nashpa Block.

OGDC operates the Nashpa Exploration License with a 65% working interest, partnered by Pakistan Petroleum Limited (PPL) holding 30%, and Government Holdings (Private) Limited (GHPL) with 5% carried interest.

The Baragzai X-01 (Slant) well was spud on December 24, 2024, and drilled to a depth of 5,170 meters, penetrating a 90-meter-thick reservoir interval of Triassic-age Kingriali Formation.

Following encouraging hydrocarbon indications and analysis of open-hole wireline logs, the operator conducted a successful cased-hole Drill Stem Test (DST).

OGDCL stated that this discovery further de-risks deeper exploration targets in the region and will help bridge Pakistan’s energy supply-demand gap by enhancing indigenous hydrocarbon resources.

The find is expected to contribute to the reserves of OGDCL, its joint venture partners, and the country.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 183,049.81
350.08M
0.49%
896.25
ALLSHR 109,841.97
731.28M
0.37%
406.56
KSE30 55,980.66
79.85M
0.38%
209.40
KMI30 259,664.81
146.46M
0.67%
1734.22
KMIALLSHR 70,650.71
440.38M
0.27%
189.19
BKTi 52,787.22
32.29M
0.12%
64.20
OGTi 36,172.75
5.18M
-0.80%
-290.18
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 67,590.00 69,415.00
66,495.00
-1345.00
-1.95%
BRENT CRUDE 70.36 70.40
69.00
1.56
2.27%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
0.40
0.42%
ROTTERDAM COAL MONTHLY 102.00 102.20
102.00
0.30
0.30%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 65.47 65.57
64.15
1.51
2.36%
SUGAR #11 WORLD 13.96 14.12
13.86
-0.16
-1.13%

Chart of the Day


Latest News
February 11, 2026 at 06:00 PM GMT+05:00

China’s consumer price growth slows ahead of Lunar New Year


February 11, 2026 at 05:29 PM GMT+05:00

Pakistan’s external debt servicing rises above $4bn in Q2FY26


February 11, 2026 at 05:11 PM GMT+05:00

National Savings Schemes see over Rs4bn inflow in December


February 11, 2026 at 04:59 PM GMT+05:00

Central govt debt rises to Rs78.5 tr in December



Top 5 things to watch in this week

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