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OGDCL Makes Oil, Gas Find at Pakistan Exploratory Well

MT Newswires·01/02/2026 05:21:42
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05:21 AM EST, 01/02/2026 (MT Newswires) -- Oil and Gas Development Co Ltd (OGDC.L), d/b/a OGDCL, and its joint venture partners discovered oil and gas at the Baragzai X-01 (Slant) exploratory well within the Nashpa exploration license in Pakistan, according to a Thursday statement. The Pakistani state-owned energy exploration company holds operatorship and a 65% working interest in the license. Meanwhile, joint venture partners, Pakistan Petroleum Ltd and Government Holdings (Private) Ltd, own a 30% stake and a 5% carried interest, respectively.