The Oil & Gas Development Company Limited (OGDCL) has discovered major gas reserves at its Faakir-1 exploratory well.
The company described it as promising step toward strengthening the country’s energy future in a notice to the Pakistan Stock Exchange on Thursday.
OGDCL holds the Faakir-1 well with 95% working interest and its partner, Government Holdings (Private) Limited (GHPL), retains the remaining 5%.
Faakir-1 drilling commenced on December 31, 2024, and hit 4,185 meters into the Sembar Formation. Using its indigenous expertise in collaboration with GHPL, OGDCL carried out rigorous testing of the Lower Goru Formation, targeting thick sand units with proven hydrocarbon potential. The tests did not fail to impress.
As per OGDCL, two Drill Stem Tests (DSTs) indicated that the well had the potential to produce 6.4 million cubic feet of gas and 55 barrels of condensate daily, utilizing a choke size of 32/64 inches. These results indicate the existence of commercially recoverable reserves—Faakir-1 being a significant success of the Bitrisim Exploration License.
This is more than a mere technical breakthrough. It increases the commercial potential of the exploration block, potentially prolonging the life of the license and bolstering Pakistan’s efforts to bridge its energy gap.
