Pakistan’s Energy Sector Strengthened by Third Big Find in a Month
Pakistan’s energy sector has received a major boost with the discovery of a significant oil and gas reserve in Kohat. The Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) announced this as their third major find within just one month.
Kohat Discovery Expected to Yield 3,100 Barrels of Oil Daily
According to details, the Bargzai X‑1 well in Kohat is expected to produce 3,100 barrels of oil per day and 8.185 million standard cubic feet of gas daily. In this discovery, OGDCL holds a 65% share, PPL 30%, and the government 5%. OGDCL’s spokesperson noted that three discoveries in Khyber Pakhtunkhwa since the start of the year have collectively yielded 9,500 barrels of oil and 24.2 million standard cubic feet of gas per day, marking a milestone for Pakistan’s energy sector.
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Experts believe further reserves may soon be uncovered in Hangu district’s Lockhart and Lumshiwal formations, which could enhance Pakistan’s energy production and strengthen the local economy. Both companies have informed shareholders of this development, sparking optimism among investors. The discovery is seen as a step toward energy self‑sufficiency and greater regional economic growth.
