The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant
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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