Oil Discovery in Pakistan: OGDCL and GHPL Uncover 13th Successful Find

Strategic Insights -

The Oil and Gas Development Company Limited (OGDCL) and its joint venture partner Government Holdings (Private) Limited (GHPL) have made a significant oil discovery at the Chakar-1 exploratory well in the TAY Exploration License, located in District Tando Allah Yar, Sindh Province, Pakistan. The well was drilled to a total depth of 1,926 meters, and the subsequent testing with an Electrical Submersible Pump (ESP) resulted in a flow of 275 barrels of oil per day (BOPD). This achievement marks the 13th successful find in the TAY Exploration License, showcasing the continued efforts by the joint venture to explore and unlock the hydrocarbon potential within the block.

Key Takeaways:

  • The Chakar-1 exploratory well, located in District Tando Allah Yar, Sindh Province, Pakistan, has reported an oil discovery with a total depth of 1,926 meters.
  • The well was drilled by OGDCL as the operator with a 95% stake and GHPL with a 5% carried interest.
  • The exploratory well was spudded on June 2, 2025.
  • A Drill Stem Test (DST) was conducted in the B-Sand, resulting in a flow of 275 barrels of oil per day (BOPD) through a 32/64" choke.
  • The wellhead flowing pressure was 400 psi.
  • The formation testing using Reservoir Evaluation Services (RES) indicated the presence of oil in the Lower Ranikot formation.
  • A second DST/ESP is being conducted to further evaluate the hydrocarbon potential of this formation.
  • The discovery represents the 13th successful find in the TAY Exploration License.
  • OGDCL and GHPL remain committed to advancing their exploration initiatives to capitalize on the hydrocarbon resources in the region.

Statistics:

  • Chakar-1 exploratory well depth: 1,926 meters.
  • Total oil production from Chakar-1: 275 barrels of oil per day (BOPD).
  • Wellhead flowing pressure: 400 psi.
  • Distance between the well and the surface: not specified.
  • Current status of the well: Conducting a second DST/ESP to evaluate the hydrocarbon potential of the Lower Ranikot formation.

Sources:

  • Oil and Gas Development Company Limited (OGDCL) - www.ogdcl.com.pk.
  • Government Holdings (Private) Limited (GHPL) - www.ghpl.com.pk.
  • Pakistan Stock Exchange (PSX) - www.psx.com.pk.