Pakistan's State-Owned Oil and Gas Company Discovers New Oil Reserves in Sindh Province

Pakistan's Oil and Gas Company Makes Significant Discovery in Southern Sindh Province

Pakistan's Oil and Gas Development Company Limited (OGDCL) has announced a major discovery of oil and gas reserves in the Sanghar district of the country's Southern Sindh province. This discovery is expected to contribute towards bridging the country's energy demand supply gap through indigenous resources, while also augmenting the hydrocarbon reserves base of OGDCL and the country.

According to a letter sent to the Pakistan Stock Exchange and the London Stock Exchange, the OGDCL has informed shareholders that a discovery was made in the Bobi and Dhamraki areas in Sanghar district last month. The letter, dated June 3, stated that as the operator with a 100 per cent working interest in Bobi and Dhamraki mining lease, the company made an oil discovery from its exploratory well Bodi deep-1.

The discovery was made on May 3, when the well was drilled to a total depth of 3,305 metres in the Sembaar Formation through OGDCL's in-house technical and operational capabilities. The well produced 2000 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 of 1,050 pounds per square inch (PSI).

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This discovery represents a major milestone in the Bobi and Dhamraki Mining Lease, constituting the first hydrocarbon discovery from the Massive Sand Play in the area. The discovery has not only established a new exploration play but also de-risked analogous prospects in the surrounding region, opening new avenues for future exploration and resource growth.