ISLAMABAD, Jan. 21 -- The Oil and Gas Development Company Ltd (OGDCL) announced on Tuesday the discovery of significant oil and gas reserves at its exploratory well in Kohat District, Khyber Pakhtunkhwa.

Read More: Pakistan awards 23 offshore oil blocks to local and foreign consortium

The discovery was made at the Baragzai X-01 (Slant) well, operated under the Nashpa Exploration License. OGDCL reported that testing in the Samana Suk and Shinawari formations yielded promising results, with a flow rate of 3,100 barrels of oil per day (BOPD) and 8.15 million standard cubic feet per day (MMSCFD) of gas through a 32/64-inch choke at a wellhead pressure of 3,010 pounds per square inch gauge (PSIG).

Within a month of the test, the company add...