The state player and partners Government Holdings Private and Pakistan Petroleum Limited (PPL) said the Nashpa X-5 well, drilled on the lease to the depth of 5056 metres, struck “significant hydrocarbon reserves”.

“The well was drilled to test the hydrocarbon potential of Shinawari, Lumshiwal, Samanasuk and Lokhart formations,” OGDC said.

“The Lokhart formation successfully produced 1032 barrels per day crude oil and 0.78