OGDC discovers oil and gas in Sindh.

KARACHI -- Oil and Gas Development Company Ltd (OGDC) told investors on Wednesday it has discovered oil and gas in the exploratory well named Nim East-1 in Tando Allah Yar district of Sindh.

In a regulatory filing, the company said it is operator of the well with a 95 per cent stake while the rest of the shareholding is controlled by Government Holdings Private Ltd.

Drill Stem Test-1 (DST) in the Basal Sand has tested 1,400 barrels of oil per day (bopd) and 5.02 million standard cubic feet per day (mmscfd) gas, the regulatory filing said. It's the 11th discovery in Nim Block, it added.

Additionally, the company said it has made a separate gas discovery at...