ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, said on Monday that it had successfully commenced oil production from its Bobi Deep-1 well in the Bobi and Dhamraki mining lease area in Sindh’s Sanghar district.

In a statement, the state-run producer said the well was currently producing 2,000 barrels of oil per day (bopd) from the Massive Sand of the Lower Goru Formation. OGDCL had announced the discovery of oil and gas at the exploratory well on June 3.

Demonstrating its operational and fast-track capabilities, the company completed the laying of a 4-inch, 1.5-kilometre flowline connecting the well site to the Bobi Plant, enabling early monetisation of the discovery and the timely commencement of production.

As operator with 100pc working interest in the Bobi and Dhamraki Mining Lease, OGDCL executed the project entirely through indigenous capabilities.

The production commencement will strengthen domestic energy supplies and help reduce Pakistan’s reliance on imported oil by accelerating exploration and production activities across its portfolio in line with national energy security objectives, it said.

In April this year, OGDCL began commercial production from Baragzai X-01 (Slant) exploratory well in Khyber Pakhtun­khwa’s Kohat district — Pakistan’s highest-producing well that contributes approximately 10pc of OGDCL’s total crude oil production.

The well is currently producing around 6,100 bopd, 18 million cubic feet per day (mmcfd) of gas, and 50 tonnes of LPG.

In March, OGDCL announced the successful commencement of oil production from its development well Pasakhi-13 in Hyderabad, marking Pakistan’s first successful horizontal oil well in a clastic reservoir.

Marred by forced production curtailment, the profitability of the country’s largest oil and gas producer dropped by 11 per cent to Rs115.3 billion in the first three quarters (July-March) of the outgoing fiscal year (FY25-26).

During the nine-month period, OGDCL spud 10 wells, and sustained exploration efforts yielded eight oil and gas discoveries, further strengthening the company’s resource base.