Pakistan’s largest oil and gas explorer, the Oil and Gas Development Company Limited (OGDCL), plans to increase its drilling activity by 65 percent this year, according to company officials. The move targets 33 exploratory, appraisal, and development wells aimed at boosting domestic fuel production.
The decision comes as the US-Iran conflict heightens concerns over energy security in the region. Economic experts note that OGDCL accounts for 50 percent of Pakistan’s domestic crude oil production. The company’s expansion is seen as a response to potential disruptions in regional energy supplies.
This follows recent reports of rising tensions between the United States and Iran, which have led to increased uncertainty in global oil markets. Pakistan, already reliant heavily on imported energy, is seeking to reduce its vulnerability by increasing local extraction. The government has emphasized the need for energy self-sufficiency amid growing regional instability.
The OGDCL’s plan reflects broader efforts by the Pakistani government to secure energy resources amid geopolitical shifts. With the US-Iran conflict affecting global oil prices and supply chains, the country is prioritizing domestic production to mitigate potential shortages. The drilling campaign is expected to begin in the coming months, with results likely to be reported by year-end.
