Oil & Gas Development Company Limited (PSX: OGDC) has announced a new oil discovery at the Chakar-1 exploratory well in Tando Allah Yar district, Sindh.
The discovery was made under the Tando Allah Yar Exploration License (TAY E.L), where OGDCL holds a 95 percent operating interest, with Government Holdings (Private) Limited (GHPL) as a 5 percent carried-interest partner.
According to the stock filing, drilling at Chakar-1 began on June 2, 2025, and reached a total depth of 1,926 meters into the Upper Shale of the Lower Goru Formation.
Based on wireline log interpretation and Reservoir Evaluation Services (RES) data, a Drill Stem Test (DST) was conducted in the B-Sand formation, followed by testing using an Electrical Submersible Pump (ESP).
The well flowed at a rate of 275 barrels of oil per day (BOPD) through a 32/64-inch choke at a wellhead flowing pressure of 400 psi. Additionally, oil was encountered during RES formation testing in the Lower Ranikot Formation, where a second DST with ESP is currently underway to evaluate its hydrocarbon potential.
Yeah funny how convenient the timing is . Lol
Its not a major discovery, these small wells are dug every month. Theres no doubt, this makes no difference to the people of Pakistan
As mentioned drilling started on 2nd june 2025 and you are getting results after one month that is 2nd Aug 2025.
It means we can dig so many wells and so fast with our own resources but some unseen power is stoping us from many decades to not to explore your own oil but importing.
Remove all such hurdles and the nation energy independent/ exporter in coupple of years with own human and meteral resources
Alhamdolilah
This information is encouraging, and it is welcome. However, whilst the news [s loaded with technical details that frankly are beyond the comprehension of the average readers, it remains devoid of answers to some basic questions e.g., estimated quantity of oil in the discovered reservoir, its marketing value, estimated cost of drilling the oil and making it available for consumption, and roughly the date by which the oil could be expected to be placed in oil tankers and sold off to consumers. These details, in a follow=up announcement, would be he helpful,