OGDCL discovered oil and gas at the Nashpa X-5 well in the Karak District of Pakistan. Drilled to a 16,587-ft depth, the well targeted the potential of the Shinawari, Lumshiwal, Samanasuk, and Lokhart formations. A test of the Lokhart formation yielded 1,032 B/D of oil and 780 Mcf/D of gas through a 32/64-in. choke at a wellhead flowing pressure of 600 psi. OGDCL is the operator with a 56.45% stake in the well, with the remaining stakes held by Government Holdings 15%) and Pakistan Petroleum (28.55%).
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