Oil and Gas Development Company Limited (OGDCL) has announced the discovery of new oil and gas reserves in Khyber Pakhtunkhwa, the company said on Tuesday.
OGDCL informed the Pakistan Stock Exchange (PSX) about the discovery through an official notice. According to the letter, the discovery was made at the Bargzai field in Kohat, where the X-1 well has yielded 3,100 barrels of oil per day.
The company also reported a new gas discovery at the Nashpa block, producing 8.15 million cubic feet of gas per day.
According to OGDCL, the wellhead flowing pressure of the discovered reserves is 3,010 pounds per square inch (psi). Drilling at the Bargzai X-1 well began on December 30, 2024, and was carried out to a depth of 5,170 metres.
The company said drilling operations at the Nashpa field were completed successfully using an advanced drilling system.
Officials said the new discoveries are expected to contribute to domestic energy supplies and help reduce reliance on imported oil and gas.
