Oil_and_Gas_Development_Company discovers oil, gas in Sindh
Analysis based on 11 articles · First reported Jun 03, 2026 · Last updated Jun 03, 2026
The significant oil and gas discovery by Oil & Gas Development Company is expected to positively impact its stock price due to increased earnings and resource base. For Pakistan>>>, it strengthens national energy security and reduces reliance on imported energy, potentially leading to a more stable economy.
The Oil & Gas Development Company (OGDC) announced a significant oil and gas discovery at its exploratory well Bobi Deep-1 in the Sanghar district of Pakistan — Sindh>>> province, Pakistan>>>. The well successfully tested the Massive Sand interval of the Lower Goru Formation, producing 2,000 barrels of oil per day and 1.1 million standard cubic feet of gas per day. This marks the first hydrocarbon discovery from the Massive Sand play within the Bobi and Dhamraki Mining Lease, opening new exploration opportunities. The project overcame complex subsurface challenges through indigenous expertise and collaboration with the Centre for Pure and Applied Geology at the University of Sindh>>>. This discovery is expected to enhance Pakistan>>>'s indigenous oil and gas production, strengthen national energy security, reduce reliance on imported energy, and contribute approximately PKR 1.67 per share annually to Oil & Gas Development Company's earnings, as estimated by Arif Habib Corporation>>>.
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