ISLAMABAD
\nOil and Gas Development Company Limited (OGDC), Pakistan\u2019s largest exploration and production company, has achieved a historic milestone with the highest-ever oil and gas discovery from a single well in Pakistan\u2019s history at its Baragzai X-01 (Slant) exploratory well in the Nashpa Block, located in Kohat district of Khyber Pakhtunkhwa. The company formally inaugurated the commencement of commercial production at a ceremony attended by Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik, Federal Secretary Petroleum Division Hamid Yaqoob Sheikh, MD\/CEO OGDC Ahmed Hayat Lak, beside senior officials of the company and other E&P and services companies at OGDC Headquarters in Islamabad.
\nAfter Wednesday\u2019s injection of 5,300 barrels of oil per day (BPD), 17 million standard cubic feet per day (MMSCFD) of gas, and 15 metric tons per day (MTD) of LPG, the cumulative production from the well has reached 15,000 barrels of oil per day and 45 million standard cubic feet per day of gas. The oil and gas production from the well is projected to reach 25,000 barrels of oil per day and 60 million standard cubic feet per day of gas in the near future. The oil and gas discovery was achieved from five different formations at the Baragzai X-01 (Slant) exploratory well.
\nThe project has been developed in one of the most challenging terrains in the country, where OGDC deployed advanced and latest technologies to ensure efficient and safe operations. In a significant operational achievement, an 8-kilometre pipeline was laid in record time, alongside critical modifications for gas processing and crude oil storage, and integration with Mela and Nashpa facilities.
\nBaragzai X-01 is now the highest-producing well in OGDC\u2019s portfolio as well as in Pakistan\u2019s history and contributes approximately 10 percent of Pakistan\u2019s total crude oil production. The company successfully brought the well into production following the testing and completion phase.
\nThe project is expected to generate substantial economic benefits. The estimated daily revenue stands at Rs156 million, with monthly revenues projected at Rs4.7 billion and annual revenues at Rs57 billion. The development will also result in annual foreign exchange substitution of approximately USD 329 million by reducing reliance on imported fuels.
\nSpeaking on the occasion, Federal Minister for Energy Ali Pervaiz Malik congratulated OGDC, its joint venture partners, and service providers on the achievement. He termed the discovery monumental and a significant contribution to the country\u2019s energy security. He emphasised the need to further strengthen indigenous energy development and encouraged enhanced collaboration and knowledge sharing across the exploration and production sector. A commemorative shield was presented to the Federal Minister in recognition of his support for the energy sector.
\nMD\/CEO OGDC Ahmed Hayat Lak appreciated the team and the unsung heroes for achieving this historic milestone. He lauded the team for delivering this success while working in one of the most challenging terrains of the country. He reaffirmed the company\u2019s commitment to accelerating exploration activities and announced plans for further development to enhance production capacity.
\nThe Baragzai X-01 achievement marks a major step forward in unlocking Pakistan\u2019s hydrocarbon potential. It reinforces OGDC\u2019s leadership in the upstream sector and supports national efforts to achieve energy security, reduce the import bill, and strengthen the country\u2019s economic resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Oil and Gas Development Company Limited (OGDC), Pakistan\u2019s largest exploration and production company, has achieved a historic milestone with the highest-ever oil and gas discovery from a single well in Pakistan\u2019s history at its Baragzai X-01 (Slant) exploratory well in the Nashpa Block, located in Kohat district of Khyber Pakhtunkhwa. The company formally inaugurated …<\/p>\n","protected":false},"author":4,"featured_media":96405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-96418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=96418"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96418\/revisions"}],"predecessor-version":[{"id":96430,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/96418\/revisions\/96430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/96405"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=96418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=96418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=96418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}