Recent Financial News about OGDC (Oil & Gas Development Corp. Limited)
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Wednesday, October 01 2025
OGDCL announces major hydrocarbon discovery in Sindh
Oil & Gas Development Company Limited (OGDCL), the largest exploration and production (E&P) company in Pakistan, has announced a significant gas and condensate discovery at its Bitrism East-1 well, located in District Khairpur, Sindh.
The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.
“OGDCL, the operator of Bitrism Exploration License holding 95% working interest, in joint venture with Government Holdings (Private) Limited (GHPL) with 5% working interest, is pleased to announce the discovery of gas/condensate at Bitrism East1, located in District Khairpur, Sindh,” read the notice.
OGDCL shared that the well was spudded on June 30, 2025, and drilled down to a depth of 3,800 meters in the Sembar Formation, using the company’s in-house expertise in collaboration with its joint venture partner.
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