June 03, 2026 (MLN): Oil & Gas Development Company Limited (PSX:OGDC) has made an oil discovery from its exploratory well, Bobi Deep-1, located in the Bobi and Dhamraki Mining Lease in District Sanghar, Sindh  where the company holds 100% working interest as operator.

The well, re-entered on May 3, 2026, was tested through a cased-hole Drill Stem Test (DST) on the Massive Sand of the Lower Goru Formation and produced 2,000 barrels of oil per day (BOPD) and 1.1 million standard cubic feet of gas per day (MMSCFD) at a choke size of 32/64 inch, with a wellhead flowing pressure (WHFP) of 1,050 psi.

Drilled to a total depth of 3,305 metres in Sembar Formation using OGDC's in-house technical and operational capabilities, the discovery marks the first hydrocarbon find from the Massive Sand play in the Bobi and Dhamraki Mining Lease, establishing a new exploration play and de-risking analogous prospects in the surrounding region.

The company said the find is expected to help bridge Pakistan's energy demand-supply gap through indigenous resources while augmenting OGDC's hydrocarbon reserves base. The discovery also reflects the continued potential of Pakistan's sedimentary basins in supporting domestic energy security.

The aforementioned was disseminated through a notification to Exchange.