Pakistan’s state-owned Oil and Gas Development Company Limited (OGDCL) has announced the discovery of new oil and natural gas reserves in Khyber Pakhtunkhwa province. According to a notice filed with the Pakistan Stock Exchange, production has begun from the exploratory well ‘Baragzai X-01’ in Kohat district, yielding approximately 3,100 barrels of crude oil and 8.15 million cubic feet of natural gas per day. Two other wells in the same area are already producing oil and gas.

OGDCL stated that the new discovery will help narrow the gap between domestic energy demand and supply while boosting Pakistan’s hydrocarbon reserves. With the addition of the new output, the Baragzai fields are now producing about 9,480 barrels of oil daily, accounting for roughly 14.5 percent of the country’s total crude oil production. Pakistan currently produces around 66,000 barrels of crude oil per day.

The announcement comes as Pakistan intensifies efforts to expand domestic oil and gas production and reduce dependence on costly imports amid ongoing economic challenges. Last year, the government signed five exploration agreements with local and international companies for three offshore and two onshore blocks.