KARACHI: Pakistan’s Oil & Gas Development Company Limited (OGDCL) announced Wednesday it had discovered gas and condensate in Sindh province, with tests showing potential production of 22.5 million standard cubic feet per day (MMSCFD) of natural gas and 690 barrels per day (BPD) of condensate.

The discovery comes as Pakistan struggles with a heavy energy import bill, spending more than $15 billion annually on crude oil, petroleum products and liquefied natural gas (LNG). Domestic gas production has been in long-term decline, increasing pressure on the country’s foreign reserves and making new finds critical to energy security.

“Oil & Gas Development Company Limited (OGDCL), the operator of Bitrism Exploration License holding 95 percent working interest, in joint venture with Government Holdings (Private) Limited (GHPL) with 5 percent working interest, is pleased to announce the discovery of Gas/Condensate at Bitrism East-1, located in District Khairpur, Sindh Province,” OGDCL said in its stock market disclosure.

It informed the well was spudded on June 30, 2025, and drilled down to a depth of 3,800 meters using OGDCL’s in-house expertise in collaboration with its Joint Venture Partner.

The company said it conducted two drill stem tests (DSTs), a standard procedure in oil and gas exploration.

“In both the DSTs the well produced significant quantities of hydrocarbons with combined production potential of 22.5 MMSCFD gas and 690 barrels of condensate per day (BCD),” it added.

Condensate is like a light form of crude oil that comes out of gas wells, with the OGDCL disclosure report revealing the estimated contribution the well can make to the domestic fuel supply.

OGDCL disclosed the find to both the Pakistan Stock Exchange and the London Stock Exchange, where it has Global Depositary Shares listed, in line with regulatory requirements for listed companies.