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OGDCL Discovers Oil, Gas at Exploratory Well in Pakistan

MT Newswires·12/10/2025 06:29:31
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06:29 AM EST, 12/10/2025 (MT Newswires) -- Oil & Gas Development Co. (OGDC.L), d/b/a OGDCL, said Wednesday it made a significant oil and gas discovery at its Baragzai X-01 (Slant) exploratory well in the Nashpa Block at Khyber Pakhtunkhwa, Pakistan. The well, spud in December 2024, flowed at a rate of 2,280 barrels per day of oil and 5.6 million standard cubic feet per day of gas. The London-listed Pakistani oil and gas company has a 65% working interest in the site, while Pakistan Petroleum holds a 30% working interest and Government Holdings (Private) a 5% carried interest.