Pakistan’s Oil & Gas Development Company Ltd. (OGDCL) has started gas production from a discovery well in southern Sindh province, the company said on Tuesday, as the state-run producer seeks to raise output and help reduce the country’s reliance on imported fuel. Pakistan faces declining gas production from several mature fields and has increasingly relied […]
OGDCL
OGDCL increases stake in Qadirpur gas field to 83%
The Oil and Gas Development Company (OGDCL) said on Friday that KUFPEC Pakistan’s E&P ownership in the Qadirpur gas field has increased from 75% to 82.99%. The development was shared via a notice to the Pakistan Stock Exchange today. “Regarding OGDCL’s acquisition of an additional 7.99% working interest in Qadirpur Development & Production Lease (D&PL) […]
OGDCL discovers new oil and gas reserves in Sindh
State-owned Oil and Gas Development Company Limited (OGDCL) has announced a new oil and gas discovery in Sanghar district, Sindh, marking another addition to Pakistan’s domestic energy resources. Read More: OGDCL makes 19 oil, gas discoveries since 2023 The discovery was made at the Bobi Deep-1 exploratory well located within the Bobi and Dhamraki Mining Lease […]
OGDCL makes 19 oil, gas discoveries since 2023
The Oil and Gas Development Company Limited (OGDCL) has made 19 oil and gas discoveries across Sindh, Punjab, and Khyber Pakhtunkhwa since 2023, marking a major boost to Pakistan’s energy security and a key step toward cutting reliance on expensive fuel imports. According to official documents available with Wealth Pakistan, the discoveries carry an estimated […]
Former minister acquitted in OGDCL hiring case
The Supreme Court on Monday acquitted former federal minister Anwar Saifullah in the case relating to alleged illegal recruitment in the Oil and Gas Development Company Limited (OGDCL), after allowing his review petition and setting aside his conviction. The court ruled that the prosecution had failed to prove the allegations against the former minister. The […]
Oil and Gas Development Company Ltd discovers major oil and gas reserves in Kohat
ISLAMABAD: The Oil and Gas Development Company Ltd (OGDCL) announced on Tuesday the discovery of significant oil and gas reserves at its exploratory well in Kohat District, Khyber Pakhtunkhwa. Read More: Pakistan awards 23 offshore oil blocks to local and foreign consortium The discovery was made at the Baragzai X-01 (Slant) well, operated under the Nashpa […]
Kohat strike: Massive oil and gas reserves found
The Oil & Gas Development Company Limited (OGDCL) announced a major oil and gas discovery in Kohat. The new Baragzai X-1 well will produce 3,100 barrels of crude oil and 81,500 million cubic feet of gas daily. Officials say this marks OGDCL’s third significant discovery in the Naspha block within a month. The spokesperson highlighted […]
OGDCL hits oil: Pasakhi-14 well starts production in Hyderabad
OGDCL has begun producing 1,100 barrels of oil per day from its Pasakhi-14 well in Hyderabad. The well is part of the company’s Pasakhi & Pasakhi North Development Lease. This milestone strengthens Pakistan’s national energy output and enhances shareholder value. The Oil and Gas Development Company Limited (OGDCL) announced the production start through a notice […]
Pakistan awards offshore exploration licenses after 18 years
ISLAMABAD – The Ministry of Energy has announced the results of the Offshore Bid Round 2025, marking the country’s first competitive bidding for offshore petroleum exploration licenses in 18 years. The bid round, launched in January 2025, offered 40 offshore blocks as part of Prime Minister Shehbaz Sharif’s vision to enhance energy security, indigenization, and local […]
Pakistan awards 23 offshore oil blocks to local and foreign consortiums
ISLAMABAD: In a major step toward reviving offshore energy exploration, Pakistan has awarded 23 offshore oil and gas exploration blocks to four consortiums led by local energy companies, with some partnered with foreign firms, including Turkiye’s national oil company TPAO, the Ministry of Energy announced on Friday. This marks Pakistan’s first offshore bidding round in […]