Oil & Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery from its exploratory well, Bobi Deep-1, located in Sindh’s Sanghar district. The company reported this news to the Pakistan Stock Exchange on Wednesday.
The discovery was made after testing the hydrocarbon potential of the Lower Goru Formation at the well site, where OGDCL holds a 100 per cent working interest. A cased-hole Drill Stem Test (DST) conducted on the formation produced 2,000 barrels of oil per day and 1.1 million standard cubic feet of gas per day.
The Bobi Deep-1 well was re-entered on May 3, 2026, and drilled to a total depth of 3,305 metres in the Sembar Formation using OGDCL’s in-house technical and operational expertise. The company described this find as a significant milestone for the Bobi and Dhamraki Mining Lease, noting it is the first hydrocarbon discovery from the Massive Sand play in the area.
OGDCL stated that the discovery not only establishes a new exploration play but also reduces exploration risk for similar prospects in the surrounding region, potentially opening new opportunities for future resource development. The company added that this discovery will strengthen Pakistan’s domestic energy resources, help narrow the country’s energy demand-supply gap, and enhance both OGDCL’s and the nation’s hydrocarbon reserves.
Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…
To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…
KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…
Master Changan Motors Limited (MCML), Pakistan’s No.1 new entrant and leading Chinese automotive brand, is…
The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement marking…
Meezan Bank, Pakistan’s premier Islamic bank, has inaugurated its first Service Center at Clifton Bridge,…
This website uses cookies.
