Wednesday, December 31 2025

OGDC plans partnerships in Libya, Vietnam
Oil and Gas Development Company (OGDC) is looking to explore hydrocarbon reserves overseas in association with Russian and Turkish energy companies. In this regard, OGDC – Pakistan's largest oil and gas explorer – intends to forge joint ventures with Russian energy giant Gazprom and Turkish Petroleum in Libya and Vietnam in onshore and offshore exploration zones, said sources while talking to The Express Tribune. The company's objective is to boost energy supplies from different countries to help reduce Pakistan's energy import bill. Indian oil and gas explorers too are working as joint-venture partners with different companies in overseas markets, including the United States, to secure energy supplies.
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)

Thursday, December 11 2025

OGDCL announces major discovery in Kohat
The Oil and Gas Development Company Limited (OGDCL) on Wednesday announced a major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, in Khyber Pakhtunkhwa’s Kohat district. The well is currently producing 2,280 Barrels per Day (BPD) of oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of gas, through choke size 32/64” at wellhead flowing pressure (WHFP) of 2400 psi. This marks the first hydrocarbon discovery from the Kingriali Formation in the Nashpa Block. The OGDCL is the operator of the Nashpa Exploration License with a 65 percent working interest, along with its joint venture partners, Pakistan Petroleum Limited (PPL) with 30 percent and Government Holdings (Private) Limited (GHPL) with a 5 percent carried interest.
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)