Pakistan Petroleum Limited (PPL) announced on Monday that it had discovered gas from the Lockhart formation at its exploratory well Bilitang-1, located in district Kohat, Khyber Pakhtunkhwa.
The development was shared in a notice to the Pakistan Stock Exchange (PSX) today.
The notice said that the discovery was made through “TAL Joint Venture, comprising MOL Pakistan Oil & Gas Co. B.V. (operator) with 10% working interest (WI), Oil & Gas Development Company Limited (OGDCL) 30% WI, Pakistan Petroleum Limited (PPL) 30% WI, Pakistan Oilfields Limited (POL) 25% WI and Government Holdings Private Limited (GHPL) 5% WI.”
The well was spudded-in on 10th August 2025 and successfully reached the target depth of 4,011 meters True Vertical Depth (TVD), the PPL said.
READ MORE: OGDCL makes significant oil and gas discovery in Khyber Pakhtunkhwa
The notice said that based on the interpretation results of Logging While Drilling (LWD)/wireline logs data, Lockhart formation (Exploratory Target) was successfully tested at the rate of 1.37 Million Standard Cubic Feet Per Day (MMSCFD) of gas at 32/64“ choke against Wellhead Flowing Pressure (WHFP) of 254 Pounds per Square Inch (Psi).
“This discovery has de-risked further exploration play in TAL Block, leading to new upside opportunities,” the listed company said.
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