Oil & Gas Development Company Limited (OGDCL), Pakistan’s energy giant, announced a significant discovery of natural gas and condensate at its exploratory well Faakir‑1 in Khairpur district, Sindh. This breakthrough opens new avenues for domestic energy supply and overall industry momentum.
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Exploratory well Faakir‑1 within the Bitrisim Exploration Licence, Khairpur, proved gas and condensate reserves.
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Well drilled to 4,185 m in the Sembar Formation using OGDCL’s in-house expertise, in partnership with GHPL (5% working interest).
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Two successful Drill Stem Tests (DSTs) in the Lower Goru Formation:
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6.4 MMSCFD gas
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55 BPD condensate via a 32/64″ choke
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This enhances Bitrisim licence viability, prolongs block life, and boosts Pakistan’s hydrocarbon reserve base.
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Last year, OGDCL also found natural gas at Shahu‑1 in Khairpur, continuing regional exploration success
Enhancing Gas Supply
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Pakistan faces a persistent energy supply-demand gap. New gas fields help bridge shortfalls sustainably.
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Indigenous production reduces dependence on expensive LNG imports, stabilizing supply and prices.
Licence Viability & Reserves Boost
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The Bitrisim block’s commercial lifespan is extended due to reservoir confirmation.
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Adds to OGDCL and national hydrocarbon reserves, underlining exploration success.
Confidence for Future Exploration
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Established in 1961, state-owned and listed on both PSX & LSE, OGDCL is Pakistan’s largest E&P firm.
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Operates over 50 oil & gas fields nationwide, ranking among Forbes Global 2000.
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Last year’s Shahu‑1 discovery in Khairpur further underscores its regional focus.
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Khairpur district is fast emerging as a major gas belt, with consecutive finds at Faakir‑1 and Shahu‑1.
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Infrastructure potential includes enhanced pipelines and local gas grids.
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The area benefits from job creation and socioeconomic uplift through related services.
On OGDCL Stock
OGDCL’s shares are sensitive to production results.
Today’s news likely fuels investor confidence, especially with similar past discoveries affecting market caps positively.
Broader Fiscal & Energy Dynamics
Boosted hydrocarbon output aids balance of payments, reduces import expenditure, and alleviates fiscal strain.
The Faakir‑1 discovery marks a pivotal moment for Pakistan's energy landscape—an exemplar of OGDCL's exploration acumen and strategic depth. It underscores the country's drive toward energy self-reliance, significant economic uplift, and regional development.
As appraisal progresses and production approaches reality, Pakistan stands poised to tap into domestic reserves, reducing energy import reliance while catalysing further exploration investments.
