OGDCL Discovers Oil and Gas Reserves in Sindh

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has revealed a major gas and condensate find at its Bitrism East-1 well, situated in District Khairpur, Sindh. The announcement was made through an official notice to the Pakistan Stock Exchange (PSX) on Wednesday.

“OGDCL, the operator of Bitrism Exploration License holding 95% working interest, in joint venture with Government Holdings (Private) Limited (GHPL) with 5% working interest, is pleased to announce the discovery of gas/condensate at Bitrism East1, located in District Khairpur, Sindh,” the company stated.

The Bitrism East-1 well was spudded on June 30, 2025, and drilled to a depth of 3,800 meters targeting the Sembar Formation, utilizing OGDCL’s in-house expertise alongside its joint venture partner.

According to the company, wireline log interpretations led to two Drill Stem Tests (DSTs) in the Lower Goru Formation—one in Massive Sand and the other in Basal Sand. Both DSTs produced significant hydrocarbons, with a combined production potential of 22.5 million standard cubic feet per day (MMSCFD) of gas and 690 barrels of condensate per day (BCD) at a 32/64” choke.

“This discovery from the Lower Goru Formation (Massive and Basal Sands) marks another success in the Bitrism Exploration License. It will contribute to reducing the gap between energy supply and demand through indigenous resources and will add to the hydrocarbon reserves base of OGDCL and of the country,” the company added.

Financial experts at Arif Habib Limited (AHL) estimated the well’s impact to result in “annualised earnings impact of Rs1.64 per share on OGDCL.”

Last month, OGDCL also announced the successful production commencement of the Soghri North Well-1, further strengthening its production portfolio.

Established in 1997, OGDCL operates as Pakistan’s premier oil and gas exploration and production company, continuing the legacy of the original Oil and Gas Development Corporation formed in 1961.

This discovery is expected to bolster Pakistan’s domestic energy resources and support the country’s goal of energy self-sufficiency.