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Pakistan State Firm Announces New Oil and Gas Discovery
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Why This Matters
Pakistan's state-owned Oil and Gas Development Company Limited (OGDCL) announced a new oil and gas discovery at its exploratory well Baragzai X-01, which is expected to boost domestic supply and energy security.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
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Pakistan’s state-owned Oil and Gas Development Company Limited (OGDCL) on Tuesday said it had made an oil and gas discovery at its exploratory well Baragzai X-01 in the Khyber Pakhtunkhwa Province, which would boost domestic supply and Pakistan’s energy security. A Cased Hole Drill Stem Test at in Samana Suk and Shinawari formations showed the well flowed at the rate of 3,100 barrels of oil per day (bpd) and 8.15 million standard cubic feet per day of gas, OGDC said. “This discovery will contribute towards mitigating the…
Original article published by
OilPrice.com
on January 20, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.