OGDCL Announces Significant Oil and Gas Discovery

ISLAMABAD  ( WNAM REPORT): Oil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License area in Khairpur district of Sindh. The well is operated by OGDCL with a 95% working interest, in a joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% stake.
Spudded on December 31, 2024, as an exploratory well, the Faakir-1 well was drilled to a total depth of 4,185 meters in the Sembar Formation. The drilling operation was executed using OGDCL’s in-house expertise in close collaboration with the Joint Venture Partner.
Following the analysis of wireline log results, two Drill Stem Tests (DSTs) were conducted in the Lower Goru Formation, targeting the Massive Sand and Basal Sand intervals. The cumulative test results indicated the production of 6.4 million standard cubic feet of gas per day (MMSCFD) and 55 barrels per day (BPD) of condensate through a 32/64″ choke.
This discovery marks a significant milestone in the Bitrisim Exploration Licence, highlighting the potential of the Lower Goru Formation (Basal and Massive Sands). The discovery significantly enhances the block’s commercial viability and extends the licence’s productive life.
The success of the Faakir-1 well underscores the Joint Venture’s commitment to unlocking the full hydrocarbon potential of the block through an aggressive exploration strategy. The discovery is expected to make a meaningful contribution toward bridging the country’s energy demand-supply gap through indigenous resources and will add to the hydrocarbon reserves base of both OGDCL and Pakistan.