Pakistan’s state-owned Oil and Gas Development Company Limited (OGDCL) has confirmed a significant hydrocarbon hydrocarbon discovery in the Baragzai X-01 in the Baragzai X-01 inclined exploratory well, located in the Nashpa region, Kohat district, Khyber Pakhtunkhwa province.
Technical details of the oil and gas discovery
During production testing in the Samana Suk and Shinawari geological formations, the well recorded a flow rate of 3,100 barrels of oil per day and 8.15 million standard cubic feet per day of gas.. These figures were obtained through a 32/64-inch choke and with a wellhead pressure of 3,010 psi, according to technical reports.
The Baragzai X-01 well was drilled to a total depth of 5,170 meters, covering multiple geological formations including Lockhart, Hangu, Lumshiwal, Datta and Kingriali. It should be noted that commercial reserves had already been identified at Datta and Kingriali prior to reaching the currently active zones.
OGDCL operates the block with a 65% stake, accompanied by Pakistan Petroleum Limited (PPL) with 30% and Government Holdings (Private) Limited (GHPL) with a 5% stake. The company stresses that this discovery will directly contribute to reducing the country’s external energy dependence by tapping indigenous sources of crude oil and natural gas.
Strategic impact and regulatory compliance
This development not only strengthens OGDCL’s technical position in the upstream sector, but also increases the energy reserves of OGDCL. energy reserves reserves in a context of growing demand. Drilling commenced on December 30, 2024 as part of the potential evaluation strategy in the area.
The discovery was officially disclosed in accordance with the legal requirements of Section 96 of the Securities Act 2015 and the provisions of the rules and regulations of the Pakistan Stock Exchange, thereby ensuring its transparency to investors.
Source: OGDCL
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