Oil & Gas Development Company Limited (OGDCL) has announced the discovery of gas and condensate from the exploratory well Faakir-1, located within Bitrisim Exploration Licence in District Khairpur, Sindh.
The Pakistani energy giant disclosed this development to the Pakistan Stock Exchange (PSX) through a notice on Thursday.
The well is operated by OGDCL, holding a 95% working interest, in joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% interest.
Faakir-1 was spudded on December 31, 2024, as an exploratory well and drilled to a total depth of 4,185 meters in the Sembar Formation. The well was drilled using OGDCL’s in-house expertise in close collaboration with the Joint Venture Partner.
Based on the interpretation of wireline log results, two Drill Stem Tests (DSTs) were carried out in the Lower Goru Formation, targeting the Massive Sand and Basal Sand intervals.
The cumulative test results indicated a production of 6.4 million standard cubic feet of gas per day (MMSCFD) and 55 barrels per day (BPD) of condensate through a 32/64″ choke.
The wellhead flowing pressures recorded were 450 psi for DST-1 and 850 psi for DST-2, respectively.
OGDCL said that the discovery marks a significant breakthrough in the Bitrisim Exploration Licence from Lower Goru Formation (Basal and Massive Sands), thereby enhancing the commercial prospectivity and extending the life of the licence. It reflects the Joint Venture’s commitment to pursuing the full hydrocarbon potential of the block through an aggressive exploration strategy.
This discovery is expected to contribute meaningfully toward reducing the energy demand-supply gap through indigenous resources and will also add to the hydrocarbon reserves base of both OGDCL and the country.
