Oil discovery

KARACHI: The Oil and Gas Development Company (OGDC) has announced a discovery of 1,032bpd and 0.78mmcfd at its exploration well, “Nashpa X-05”, a statement said.

To recall, OGDC has working interest of 56.4 percent in Nashpa Block with 29 percent and 15 percent stakes resting with the Pakistan Petroleum Limited (PPL) and the Government Holdings Private Limited, respectively.