Thursday, June 04 2026

Bobi Deep-1 in Sindh: OGDC makes significant oil and gas discovery
Oil and Gas Development Company Limited (OGDC), the country’s leading upstream energy company, has made a significant oil and gas discovery from its exploratory well Bobi Deep-1, located in Sanghar district of Sindh province. The well successfully tested the Massive Sand interval of the Lower Goru Formation and produced 2,000 barrels of oil per day (BOPD) along with 1.1 million standard cubic feet of gas per day (MMSCFD) of gas through a cased-hole Drill Stem Test (DST), confirming the hydrocarbon potential of the reservoir. The achievement marks a major milestone for OGDC as the first hydrocarbon discovery from the Massive Sand play within the Bobi and Dhamraki Mining Lease.
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Related symbols: ogdc (news stock)

Wednesday, June 03 2026

OGDCL strikes oil in Sindh's Sanghar
Oil & Gas Development Company Limited (OGDCL) announced an oil discovery from its exploratory well, Bobi Deep-1, located in District Sanghar, Sindh. OGDCL discovered oil reserves in the Bobi and Dhamraki Mining Lease, the company informed the Pakistan Stock Exchange (PSX) on Wednesday. The E&P is the well operator with 100% working interest. “Based on the interpretation of wireline logs, the massive sand of the lower goru formation was tested through a cased-hole Drill Stem Test (DST) 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 pounds per square inch (psi),” the company informed the bourse.
Related news categories: business misc oilgas-exploration oilgas-marketing stock-exchanges
Related symbols: ogdc (news stock)

Friday, May 22 2026

OGDC secures eight offshore blocks
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio. The Government of Pakistan has reopened its offshore exploration frontier after nearly two decades through the signing of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) under the Offshore Bid Round 2025. The signing ceremony was held at the Ministry of Petroleum in Islamabad and was witnessed by Federal Minister for Petroleum Ali Pervaiz Malik. The Minister termed the development a defining milestone in efforts to revitalise offshore exploration, attract investment, and reduce reliance on imported energy.
Related news categories: business misc oilgas-exploration oilgas-marketing stock-exchanges
Related symbols: ogdc (news stock)