State-owned Oil and Gas Development Company Limited (OGDCL) has announced a new oil and gas discovery in Sanghar district, Sindh, marking another addition to Pakistan’s domestic energy resources. Read More: OGDCL makes 19 oil, gas discoveries since 2023 The discovery was made at the Bobi Deep-1 exploratory well located within the Bobi and Dhamraki Mining Lease […]
OGDCL
OGDCL makes 19 oil, gas discoveries since 2023
The Oil and Gas Development Company Limited (OGDCL) has made 19 oil and gas discoveries across Sindh, Punjab, and Khyber Pakhtunkhwa since 2023, marking a major boost to Pakistan’s energy security and a key step toward cutting reliance on expensive fuel imports. According to official documents available with Wealth Pakistan, the discoveries carry an estimated […]
Former minister acquitted in OGDCL hiring case
The Supreme Court on Monday acquitted former federal minister Anwar Saifullah in the case relating to alleged illegal recruitment in the Oil and Gas Development Company Limited (OGDCL), after allowing his review petition and setting aside his conviction. The court ruled that the prosecution had failed to prove the allegations against the former minister. The […]
Oil and Gas Development Company Ltd discovers major oil and gas reserves in Kohat
ISLAMABAD: The Oil and Gas Development Company Ltd (OGDCL) announced on Tuesday the discovery of significant oil and gas reserves at its exploratory well in Kohat District, Khyber Pakhtunkhwa. Read More: Pakistan awards 23 offshore oil blocks to local and foreign consortium The discovery was made at the Baragzai X-01 (Slant) well, operated under the Nashpa […]
Kohat strike: Massive oil and gas reserves found
The Oil & Gas Development Company Limited (OGDCL) announced a major oil and gas discovery in Kohat. The new Baragzai X-1 well will produce 3,100 barrels of crude oil and 81,500 million cubic feet of gas daily. Officials say this marks OGDCL’s third significant discovery in the Naspha block within a month. The spokesperson highlighted […]
OGDCL hits oil: Pasakhi-14 well starts production in Hyderabad
OGDCL has begun producing 1,100 barrels of oil per day from its Pasakhi-14 well in Hyderabad. The well is part of the company’s Pasakhi & Pasakhi North Development Lease. This milestone strengthens Pakistan’s national energy output and enhances shareholder value. The Oil and Gas Development Company Limited (OGDCL) announced the production start through a notice […]
Pakistan awards offshore exploration licenses after 18 years
ISLAMABAD – The Ministry of Energy has announced the results of the Offshore Bid Round 2025, marking the country’s first competitive bidding for offshore petroleum exploration licenses in 18 years. The bid round, launched in January 2025, offered 40 offshore blocks as part of Prime Minister Shehbaz Sharif’s vision to enhance energy security, indigenization, and local […]
Pakistan awards 23 offshore oil blocks to local and foreign consortiums
ISLAMABAD: In a major step toward reviving offshore energy exploration, Pakistan has awarded 23 offshore oil and gas exploration blocks to four consortiums led by local energy companies, with some partnered with foreign firms, including Turkiye’s national oil company TPAO, the Ministry of Energy announced on Friday. This marks Pakistan’s first offshore bidding round in […]
Mari Petroleum Announces New Oil and Gas Discovery in Sindh
ISLAMABAD – In a major development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) announced a new oil and gas discovery in Sindh on Friday. The discovery was made at the Mari Ghazij CFB-1 exploration well, which began drilling on September 12, 2025. The well reached the Sill formation at 1,195 meters, producing 305 […]
Major oil and gas reserves discovered in Waziristan
Pakistan has achieved a significant milestone in its energy sector with a new discovery in Waziristan. The Mari Petroleum Company Limited (MPCL) announced this finding on the Pakistan Stock Exchange (PSX). The new hydrocarbon reserves were found in the Spin Wam-1 well, situated in Khyber Pakhtunkhwa. The official letter from MPCL revealed that the well […]