Sunday, March 1 2026

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has announced the successful discovery of gas condensate reserves at the Baloch-2 well in Sanghar district, Sindh.

This development is a significant milestone for the Sinjhoro block, particularly within the Sembar Formation, according to a notice issued by the company to the Pakistan Stock Exchange (PSX) on Friday.

The discovery is a joint venture effort, with OGDCL serving as the operator with a 76% working interest. The venture also includes Orient Petroleum (19%) and Government Holdings (Private) Limited (GHPL) (5%). The Baloch-2 well, located within the Sinjhoro Exploration Licence, represents a key exploratory success in the Sembar Formation.

OGDCL reported that the Baloch-2 well was spudded on February 24, 2024, reaching a total depth of 3,920 meters. This effort was supported by in-house evaluations and technical collaboration with the joint venture partners.

According to the company, the well has tested 6.8 million standard cubic feet per day (mmscfd) of gas and 388 barrels of condensate per day (bcpd) during Drill Stem Test-3, conducted at a choke size of 32/64” with a Well Head Flowing Pressure (WHFP) of 2180 Pounds per square inch (Psi).

The notice highlighted the Sembar Formation’s strong hydrocarbon potential, which extends across the Middle and Lower Indus Basin of Pakistan.

This discovery not only confirms the formation’s capacity but also opens new avenues for further exploration and development in the Sinjhoro block. OGDCL is also planning to re-enter previously shut-in wells and expedite the full development of the Sembar Formation’s potential.

Earlier in the month, OGDCL had also commenced production of tight gas from the Nur West Well-1, located in Sindh.

Previous

Textile Leaders Call For Govt Action On Export Growth

Next

Fiscal Reforms Drive Economic Growth for Pakistan in FY25

About Author

Nizam Khaskheli

The author is a staff member and can be reached at nizam@madzine.pk

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

WIDGETS ON SIDE PANEL

Don’t Miss

Ai image of people celebrating Basant and are happy

Basant in Lahore: Satisfaction, Participation, Spend Survey Report

Kashif Hafeez

The Majority of Lahoris Express Satisfaction with the Punjab Government’s Safety Measures During Basant this year Most Lahore residents expressed satisfaction with the Punjab Government’s safety and security measures implemented during the Basant celebrations, held from 6th February to late into the night on 8th February. According to a telephonic survey conducted by PulseConsultant, around […]

Why Basant is Pakistan’s Most Undervalued Asset

Danish Ejaz

Let’s stop calling Basant a “festival.” Calling it a festival puts it in the same category as a school funfair. Basant is not just a festival; it is a micro-economy. It is a tourism engine. And for an advertiser like me, it is perhaps the single most potent organic “Brand Pakistan” campaign we have, and […]

China vs Giants The New Big Leap in Quantum Technology

Which country will be America’s next China?

Nizam Khaskheli

Which country will adopt the $440 billion per year business of making cheap products and sending them to America? The news suggests maybe it’ll be India, but it could also be Mexico or Vietnam. Ryan Peason is bullish on Vietnam, highlighting its internal river network as a cheap natural infrastructure advantage. He also mentioned India […]

Pakistan’s Leading PR Agencies This Year

Web Desk

In the fast-paced world of media and public perception, public relations (PR) agencies play a pivotal role in crafting brand stories, managing reputations, and navigating crises. For Q1 2025, Madzine proudly presents a data-driven snapshot of Pakistan’s Top 10 PR Agencies, ranked based on the number of full-time employees (FTEs) listed on LinkedIn. This exclusive […]

The Unserious Revolution of Pakistani Internet Culture - Madzine

The Unserious Revolution of Pakistani Internet Culture

Editorial

In a world where actual war looms, memes, not missiles, are firing the first shots. As India threatens to suspend the Indus Waters Treaty and tensions with Pakistan simmer to a digital boil, Gen Z across the subcontinent is picking up the only weapons they know best: Wi-Fi and gallows humour. While old-world diplomacy retreats […]

agency

Earnings reports 2024 – which agency network won Asia?

Editorial

As Trump’s tariffs cause agency stock prices to plunge, it’s worth seeing which groups will be most impacted based on how vested their interests are in Asia. When comparing 2024 to 2023, here’s how the major advertising agency groups performed in Asia. WPP:revenue grew 0% at $3.35 billion.Via the market cap, the agency stock trades […]