Crude Oil News: There is Hormuz Block due to the ongoing war between Iran and the US, due to which the prices of crude oil are increasing globally. Its impact is being felt in every country. Not only India but also its neighboring countries are facing shortage of gas and oil due to non-import of crude oil. Meanwhile, a treasure trove of oil and gas has been found in a neighboring country of India.

In which country was the oil treasure found?
This country is none other than India’s neighboring country Pakistan. Pakistan’s government oil and gas company OGDCL (Oil and Gas Development Company Limited) has found a large amount of oil and gas from the Bobi Deep-1 well located in Sanghar district of Sindh province. The company is going to use this energy for the upliftment of the country.

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What did the company say?
According to OGDCL, 2 thousand barrels of oil and 11 lakh standard cubic feet of gas can be produced every day from one layer of Lower Goru Formation in Bobby Deep-1 well. During research, it has been confirmed that there are good reserves of hydrocarbons (oil and gas) in this area. The company has called it a big achievement, because this is the first such discovery in the Bobby and Dhamraki mining lease area.

had to face challenges
During this project, the company had to face many technical and ground challenges, due to which the drilling work had to be stopped earlier. However, instead of closing the project, OGDCL took the help of local people and scientists. The company’s engineers and geologists conducted a detailed study in collaboration with the Center for Pure and Applied Geology of Sindh University, Jamshoro.

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After modern survey, geological analysis and technical evaluation, a new model was prepared, which reduced the risk and drilling work could be resumed. This discovery was made after finally reaching the goal. OGDCL believes that this discovery will increase Pakistan’s domestic oil and gas production, reduce dependence on imported energy and strengthen the country’s energy security. This is expected to add new reserves in the future and also promote the development of the energy sector.

Pakistan’s state oil company Oil and Gas Development Company Limited (OGDCL) has announced the discovery of new reserves of oil and gas in Kohat district of Khyber Pakhtunkhwa province. This discovery was made from the exploratory well named Baragzai X-01 (Slant). This is the third discovery within a month, which is expected to lead to a big increase in Pakistan’s domestic oil production.

Production of thousands of barrels of crude oil daily

This well was dug on 30 December 2024. Then testing was done through cased hole drill system from Samana Suq and Shinawari Formation. Test results have revealed daily production of 3100 barrels of crude oil and 8.15 million standard cubic feet of natural gas. This is happening with a wellhead flowing pressure of 3010 pounds per square inch at 32/64 inch choke size.

Pakistan has lead in oil and gas production

This is the third discovery within a month and with these three discoveries, Pakistan’s domestic oil production has increased by a total of 9480 barrels per day. This is about 14.5 percent of the country’s current production (about 66,000 barrels per day). Apart from this, there has also been a good increase in gas production. OGDCL has given this information by giving notice to Pakistan Stock Exchange. OGDCL has 65 percent stake in this project, while Pakistan Petroleum Limited (PPL) has 30 percent and Government Holdings Private Limited (GHPL) has 5 percent carried interest.

Why is this discovery important for Pakistan?

Pakistan is struggling with energy crisis and economic difficulties. To reduce dependence on expensive imports, the government is emphasizing on increasing domestic oil and gas production. OGDCL says that this discovery will reduce the gap between supply and demand of energy from domestic resources and will increase the country’s hydrocarbon reserves. Last year the government signed 5 new exploration deals. An auction of 40 offshore blocks was held in November 2025, where 23 bids came from 4 consortia. An agreement was signed for initial investment of 80 million dollars, which can reach 1 billion dollars in future.