OGDC announces major oil, gas discovery in K-P's Kohat
Minister for Petroleum Ali Pervaiz Malik inaugurates commercial production from OGDC’s Baragzai X-01 well in the Nashpa block, Kohat, on Tuesday. Photo: APP
In a major development amid the ongoing energy crisis, the Oil and Gas Development Company Limited (OGDC) announced on Wednesday what it termed as the "largest oil and gas discovery in the country’s history" at the Bazgai X-1 well in the Nashpa block.
According to an OGDC spokesperson, the discovery in Kohat district of Khyber-Pakhtunkhwa was being described as a significant exploration success for Pakistan.
The spokesperson said the Bazgai X-1 well was currently producing 15,005 barrels of oil per day and 45.36 million standard cubic feet of gas.
توانائی کے حوالے سے پاکستان کے لیے بڑی خوشخبری
وفاقی وزیر پیٹرولیم علی پرویز ملک نے او جی ڈی سی کے باراگزئی ایکس-01 کنویں سے کمرشل پیداوار کا افتتاح کر دیا
او جی ڈی سی نے نَشپا بلاک کے براگزئی ایکس-1 کنواں سے تیل و گیس کی ملکی تاریخ کی سب سے بڑی دریافت کا سنگ میل حاصل کر لیا… pic.twitter.com/PNKTLgPBbgOGDC has set a target to increase oil production from the well to 25,000 barrels per day by 2028, while gas output is projected to reach 60 million standard cubic feet per day. The company also aims to scale up LPG production to 200 metric tonnes per day by the same year.
Calling the development an important milestone for the country’s energy security, Minister of State for Petroleum Ali Pervaiz Malik said the project would help save $329 million annually in foreign exchange.
“Discoveries will increase domestic reserves and reduce dependence on imported fuel,” he said, adding that the find would also help ease the energy crisis.