Oil and gas sector.
Oil & Gas Development Company Limited (OGDCL) announced a significant oil and gas discovery at the Faakir-1 well within the Bitrisim Exploration License in Khairpur, Sindh. As per a statement, OGDCL operates the well with a 95% working interest.
The exploratory well was spudded on December 31, 2024, and drilled to a depth of 4,185 metres in the Sembar Formation. Post-drilling analysis included two Drill Stem Tests (DSTs) in the Lower Goru Formation, targeting the Massive and Basal Sand intervals. These tests showed a cumulative production of 6.4 million standard cubic feet of gas per day (mmscfd) and 55 barrels of condensate per day.
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