Oil and Gas Development Company Limited has announced a fresh oil and gas discovery at its Baragzai X-01 (Slant) well in Khyber Pakhtunkhwa, extending a series of successful tests at the Nashpa block as the country seeks to curb its energy shortfall.
The company, which operates the Nashpa Exploration License with a 65% working interest, disclosed the find in a notice to the Pakistan Stock Exchange. The discovery was made in the Lockhart Limestone formation in District Kohat.
Joint venture partners in the block include Pakistan Petroleum Limited, which holds a 30% stake, and Government Holdings (Private) Limited with a 5% carried interest.
During a cased-hole drill stem test (DST-05) in the Lockhart formation, the well flowed at 3,765 barrels of oil per day and 11.2 million standard cubic feet per day of gas through a 32/64-inch choke at a wellhead flowing pressure of 4,080 pounds per square inch gauge (psig), the company said.
Baragzai X-01 (Slant) was spudded on Dec. 30, 2024, to assess hydrocarbon potential across multiple formations, including Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali. The well was drilled to a total depth of 5,170 meters into the Kingriali formation.
Prior to the Lockhart test, four cased-hole drill stem tests in the Kingriali, Datta, Samana Suk and Shinawari, and Hangu and Lumshiwal formations also yielded oil and gas, pointing to a multi-zone hydrocarbon system within the structure.
The discovery is expected to expand OGDC’s reserve base and support Pakistan’s efforts to narrow its energy supply-demand gap by increasing domestic output and reducing reliance on imports.
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There have been so many “discoveries” of oil and gas in Pakistan in the past year. Yet oil prices in Pakistan keep going up at breakneck speed. What is the use of these “discoveries” if they cannot be used to meet the requirements of the nation.