By Ijaz Kakakhel

Oil and Gas Development Company Limited (OGDCL) has significantly accelerated the monetisation of its hydrocarbon discoveries, and its latest additions contributed around 9,734 barrels per day (BPD) of oil and 74.25 million standard cubic feet per day (MMSCFD) of gas, representing the strongest production gains during the first 10 months of the fiscal year 2025-26.

According to the official data available with Wealth Pakistan, the newly connected wells were spread across Sindh, Khyber Pakhtunkhwa, Punjab and Balochistan, highlighting wider geographical diversification of exploration and production activities.

OGDCL has brought 35 wells and fields into production over the past four fiscal years, according to the official data. The development reflects the state-owned exploration giant’s continued push to enhance domestic energy supplies amid Pakistan’s growing dependence on imported fuel.

Documents show that OGDCL added 11 wells to production during FY2025-26 up to April, matching the highest level recorded in FY2023-24, while also recording a sharp increase in oil and gas output from the newly connected fields.

According to the year-wise breakup, OGDCL brought five wells into production during FY2022-23, contributing 990 BPD of oil and 18.28 MMSCFD of gas. Most of these wells were located in Sindh, while one was situated in KP.

In FY2023-24, the company sharply expanded development activity by bringing 11 wells online. These wells added 4,398 BPD of oil and 43.23 MMSCFD of gas. Sindh remained the leading province with seven wells, followed by KP with three wells and Balochistan with one.

During FY2024-25, OGDCL connected eight wells to the national production system. While oil output from these wells declined to 744 BPD, gas output remained substantial at 41.80 MMSCFD. The province-wise distribution included five wells in Sindh, one in KP and two in Balochistan.

Credit: INP-WealthPk

However, the most notable improvement came during the current fiscal year up to April 2026, when oil output from newly monetised wells surged to 9,734 BPD — more than the combined production recorded in the previous three years. Gas output also climbed to 74.25 MMSCFD.

Industry experts said the accelerated pace of production was crucial for Pakistan’s energy security, as the country continues to face pressure from rising import bills and foreign exchange constraints. Increased indigenous oil and gas production can help reduce reliance on costly imported LNG and petroleum products.