Pakistan, June 13 -- Oil & Gas Development Company Limited (OGDCL), along with its partner Government Holdings (Private) Limited (GHPL), has successfully discovered natural gas and condensate reserves at an exploratory well named Faakir-1, located in Khairpur district, Sindh.
OGDCL, one of Pakistan's largest E&P companies, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.
"We are pleased to announce a gas and condensate discovery from the exploratory well Faakir-1, located within Bitrisim Exploration Licence in Khairpur district, Sindh," read the notice.
The well is operated by OGDCL, holding a 95% working interest, in joint venture with GHPL, which holds the remaining 5% interest.
"Faakir-1 was s...