OGDCL Starts Pakistan's First Horizontal Oil Well OGDCL began production on Mar 24, 2026 from Pakistan’s first horizontal well; company founded 1961. Market impact hinges on 90-day stabilized flow and per-barrel economics.

OGDCL Starts Pakistan's First Horizontal Oil Well: OGDCL began production on Mar 24, 2026 from Pakistan’s first horizontal well; company founded 1961. Market impact hinges on 90-day stabilized flow and per-barrel… 👈 Read full analysis #OGDCL #PakistanOil #HorizontalWell #EnergySector #OilIndustry

OGDCL Kicks Off 2026 with Massive Oil & Gas Discovery in Kohat Pakistan’s energy sector just received a massive adrenaline shot to start the new year. The Oil and Gas Development Company Limited (OGDCL) has officially announced a significant oil and gas discovery in the Kohat District of Khyber Pakhtunkhwa. This development marks a critical win for local production and a step away from expensive energy imports. […] The post OGDCL Kicks Off 2026 with Massive Oil & Gas Discovery in Kohat appeared first on TechJuice.

AI Can Help Pakistan Find Major Oil & Gas Reserves Worth Billions Pakistan can unlock billions of barrels of untapped oil and gas by adopting modern AI-supported exploration techniques. Experts shared this optimistic outlook at the 2nd International Oil and Gas Conference 2025 held on Monday. They said technology can help Pakistan explore deeper, work faster, and identify resources with far more accuracy. They also warned that […] The post AI Can Help Pakistan Find Major Oil & Gas Reserves Worth Billions appeared first on TechJuice.

OGDCL Receives Rs7.73 Billion from PHL Under Circular Debt Plan The Oil and Gas Development Company Limited (OGDCL) has received another Rs7.73 billion instalment from Power Holding (Private) Limited (PHL), marking continued progress in the government’s plan to reduce Pakistan’s circular debt burden in the energy sector. Pakistan’s circular debt crisis a persistent challenge in the energy chain stems from delayed payments between power producers, […] The post OGDCL Receives Rs7.73 Billion from PHL Under Circular Debt Plan appeared first on TechJuice.

Turkey gets operational stake in Pakistan's oil field Turkey has agreed to invest in Pakistan’s oil and gas exploration sector with an agreement on the operations of an offshore oil field. Pakistan Petroleum Limited (PPL) has transferred the operatorship of the Eastern Offshore Indus C Block to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Turkey’s state-owned oil firm, Turkey Petrolleri Anonim Ortaklığı (TPAO). The agreement, which marks the start of a strategic collaboration between Pakistan and Turkey, is aimed at boosting energy sector cooperation and attracting foreign direct investment (FDI) into Pakistan’s offshore oil and gas exploration. Under the terms of the agreement, PPL will assign a 25% participating interest and operatorship to TPOC. Additionally, Oil & Gas Development Company Limited (OGDCL) and Mari Energies Limited (MariEnergies) will each acquire a 20% stake, while the PPL will retain the remaining 35%. The deal was finalized after a series of high-level government engagements between Pakistan and Turkey. It is pending final regulatory approvals. “This partnership represents a significant step forward in unlocking Pakistan’s offshore hydrocarbon potential,” PPL said in a statement. “It reflects the shared vision of both nations to deepen strategic energy cooperation.” #### Razgir-1 well comes onstream Pakistan’s local natural gas output is set to increase as a key well in the country’s north-west has started production. In separate filings with the Pakistan Stock Exchange, Pakistan Oilfields Limited and the Oil & Gas Development Company (OGDCL) said the Razgir-1 well in Kohat district of Khyber Pakhtunkhwa province was successfully brought onstream on October 12 at the Tolanj Production Facility. The well is currently producing approximately 28 million cubic feet per day (mmcfd) of gas and 350 barrels per day of condensate. The OGDC holds a post-commerciality working interest of 27.76% in the Razgir-1 well, while the Pakistan Oilfields Limited holds a 25% pre-commerciality working interest. MOL Pakistan is the well’s operator.

Pakistan’s OGDCL gets PKR 7.7B as circular debt payment The Oil & Gas Development Company Limited, Pakistan’s largest gas explorer, has received the third installment of its long-standing dues as part of the circular debt. The monthly installment of PKR 7.72 billion is paid as an interest payment from Power Holding (Private) Limited (PHL) as per the mechanism approved by the government . The company has so far received PKR 23.17 billion from the government, which recently signed a new deal with banks to restructure outstanding payments in the country’s gas and electricity sector. The company will receive the total interest amount of PKR 92 billion in twelve equal monthly installments, commencing from July. #### New discovery The OGDCL has also announced the discovery of gas/condensate at Bitrism East-1 well in the southern province of Sindh. OGDCL is the operator of the Bitrism Exploration License, holding a 95% working interest, in joint venture with Government Holdings (Private) Limited, which has a 5% working interest. The well was spudded on June 30 and drilled down to a depth of 3,800 meters, the company said in a stock filing. In the two Drill Stem Tests (DSTs) carried out by the company, the well produced “significant quantities of hydrocarbons” with a combined production potential of 22.5 MMSCFD gas and 690 barrels of condensate per day at 32/64” choke, the company added. This discovery will “contribute to reducing the gap between energy supply and demand through indigenous resources”.

Saudi Arabia Gives Final Approval for $10B Oil Refinery in Gwadar Many see it as a major development aimed at stabilizing Pakistan’s weak economy, following the Saudi–Pakistan SMDA agreement.

Saudi Arabia has given final approval for the construction of an oil refinery in Gwadar, Pakistan with an investment of $10 billion.
#Aramco #PSO #OGDCL #PPL #SIFCPakistan #Gwadar #GwadarPort #Balochistan

Click Link Below to Read Details:
wepunjab.com/saudi-arabia...

Pakistan awards oil exploration rights over 7 new blocks to OGDCL Pakistan’s Ministry of Energy (Petroleum Division) has provisionally awarded seven new exploration blocks to Oil and Gas Development Company Limited (OGDCL) and its JV partners. Each block will be…

#Pakistan awards #oil exploration rights over 7 new blocks to #OGDCL #energysky

نئے ذخائر کی گیس کی ابتدائی پیداوار کا تخمینہ 13.95 ایم ایم سی ایف ڈی ہے، او جی ڈی سی ایل
مزید پڑھیے: www.aaj.tv/news/30447940/

#AajNews #OilAndGasDiscovery #Attock #OGDCL #EnergySector #GasReserves #EconomicGrowth

🔔 Federal Cabinet Approves Sale of Reko Diq Stake

🇸🇦 Saudi Arabia acquires 15% stake for $450mn in 2 installments.

OGDCL & PPL (8.33% each)

Cost: $187mn

After-tax cash impact: $41-42mn

GHPL leads with 25% stake

Buy stance on OGDCL & PPL (FY25E P/E: 5.4x).
#RekoDiq #OGDCL #PPL #PakistanEconomy

OGDCL found natural gas reserves in Khyber Pakhtunkhwa - The Asian Mirror OGDCL found natural gas reserves in Khyber Pakhtunkhwa. The Oil and Gas Development Company Limited (OGDCL) has found substantial

The Oil and Gas Development Company Limited (OGDCL) has found substantial natural gas reserves in Khyber Pakhtunkhwa province.

Read story:
theasianmirror.com/latest/58019...

#OGDCL #Natural #GasReserve