ISLAMABAD: Pakistan has announced a modest discovery of new oil and gas reserves in its northwestern Khyber Pakhtunkhwa (KP) province, state media reported on Friday, amid the country efforts to boost exploration to cut costly imports.
Pakistan faces a widening energy gap due to rising demand and limited domestic output, forcing reliance on costly fuel imports that expose the economy to global price swings. Its petroleum, oil, and lubricants import bill fell 4.39 percent to $9.046 billion in July 2025-January 2026.
The discovery was made at Lumshiwal Formation of Baragzai X-01 exploratory well. During Cased Hole Drill Stem Test (CHDST-04) conducted in the Hangu and Lumshiwal formations, the well produced 225 barrels of oil per day (BOPD) and 1.01 million standard cubic feet per day (MMSCFD) of gas through a 32/64’’ choke at a wellhead flowing pressure of 190 psig.
“Baragzai X-01 (Slant) was spudded on December 30, 2024, as an exploratory well to assess the hydrocarbon potential of multiple formations, including Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali.
The well was successfully drilled to a total depth of 5,170 meters into the Kingriali Formation,” the state-run APP news agency reported, citing the Oil and Gas Development Company (OGDC).
