Karachi: The Oil & Gas Development Company Limited (OGDCL) has announced a fresh oil discovery at the Chakar-1 exploratory well in Tando Allah Yar, Sindh—its 13th discovery in the Tando Allah Yar (TAY) Exploration License.
The state-run energy firm disclosed the development in a filing to the Pakistan Stock Exchange (PSX) on Friday, in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX regulations.
According to OGDCL, the well was spudded on June 2, 2025, and drilled down to a total depth of 1,926 meters. The drilling and testing were conducted under the TAY Exploration License, with OGDCL holding a 95% stake, while Government Holdings (Private) Limited (GHPL) maintains a 5% carried interest.
The company reported that the well flowed 275 barrels of oil per day (BOPD) through a 32/64″ choke at a wellhead flowing pressure of 400 psi. The oil flow was confirmed after a successful Drill Stem Test (DST) and further evaluation using an Electrical Submersible Pump (ESP) in the B-Sand layer.
Additionally, oil was encountered in the Lower Ranikot Formation during formation testing, prompting a second round of testing to assess the full hydrocarbon potential in that layer.
OGDCL noted that this latest discovery strengthens the case for continued exploration in the region, underlining the geological promise of the Sindh basin. The company reaffirmed its commitment to expanding Pakistan’s indigenous energy resource base to reduce import dependence and support national energy security.
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