Pakistan, June 12 -- Oil & Gas Development Company Limited (OGDCL) announced a significant gas and condensate discovery at its exploratory well Faakir-1 in Khairpur, Sindh. The company shared the news through a notice to the Pakistan Stock Exchange on Thursday. The well is operated by OGDCL with a 95% stake, while its partner, Government Holdings (Private) Limited (GHPL), holds the remaining 5%.

Faakir-1 was drilled to a depth of 4,185 meters in the Sembar Formation and began drilling on December 31, 2024. Using OGDCL's in-house expertise and cooperation with GHPL, the team conducted tests on the Lower Goru Formation, focusing on the massive sand layers. The results showed promising production levels.

Two Drill Stem Tests (DSTs) reveale...