The new discovery at Dars West-3 in Tando Allah Yar, Sindh,
Pakistan’s energy landscape receives a major boost as the Oil and Gas Development Company Limited (OGDCL) announces a successful hydrocarbon discovery at the Dars West-3 developmental well. Located in the Tando Allah Yar district of Sindh, this discovery is set to strengthen the country’s indigenous energy supplies and provide a positive ripple effect for the national economy.
The well, spudded on December 31, 2025, has demonstrated impressive production potential, yielding 9.70 mmcfd of gas and 580 bpd of oil. With OGDCL holding a 77.5% working interest, this development reinforces the company’s dominant position in the sector and highlights the untapped potential of the Lower Goru reservoir.
Key Highlights of the Discovery
The new discovery at Dars West-3 in Tando Allah Yar, Sindh, is set to bolster national energy output with a production potential of 9.70 mmcfd of gas and 580 bpd of oil, complementing the existing success of Dars West 1 & 2 while providing an estimated annualized EPS impact of PkR 0.56 per share.
Why Investors are Bullish on OGDCL Market analysts maintain a robust ‘BUY’ stance on OGDCL with a target price of PkR 522/sh for December 2026, a valuation driven by the company’s increasingly diversified and high-value portfolio. This optimism is fueled by strategic assets such as a pivotal 8.33% stake in the world-class Reko Diq Mining Project and an expanding global footprint through offshore interests in Abu Dhabi’s Block-5. Furthermore, OGDCL’s strengthening financial health, characterized by improving liquidity and a steadfast commitment to higher cash payouts for shareholders, reinforces its position as a cornerstone of Pakistan’s energy and extraction sectors.
