OGDCL Brings Bobi Deep-1 into Production

Summary by AI ^BETAClose X

Oil & Gas Development Company Limited has successfully commenced production from the Bobi Deep-1 well, located in District Sanghar, Sindh, which is now producing 2,000 barrels of oil per day. This achievement follows an earlier oil discovery announcement and was expedited by the rapid installation of a 1.5 km flowline to the Bobi Plant. As the sole operator with a 100% working interest in the mining lease, OGDCL's swift action in bringing this discovery online is expected to bolster domestic energy supplies and reduce import dependency.

Disclaimer*

Oil and Gas Development Company Ltd

29 June 2026

CS04-08 (PSX/LSE/SECP)/1

June 29, 2026

The General Manager,

Pakistan Stock Exchange Limited,
Stock Exchange Building,

Stock Exchange Road,
Karachi-74000, Pakistan.

London Stock Exchange Plc.,

10 Paternoster Square,

London EC4M 7LS.

Tel: (44) 20 7334 8907

Subject: OGDCL Brings Bobi Deep-1 into Production on Fast-Track Basis

Dear Sir,

Referring to our earlier disclosure dated June 03, 2026 regarding the oil discovery at Bobi Deep-1 from the Massive Sand of the Lower Goru Formation, Oil & Gas Development Company Limited (OGDCL) is pleased to announce another significant milestone marked by the successful commencement of production from the well.

Located in Bobi and Dhamraki Mining Lease, District Sanghar, Sindh, Bobi Deep-1 is currently producing 2,000 Barrels of Oil Per Day (BOPD). For accelerated monetization of discoveries, OGDCL successfully completed the laying of a 4-inch, 1.5 km flowline from the well site to Bobi Plant within a short span, enabling early production from the discovery.

As Operator with 100% working interest in Bobi and Dhamraki Mining Lease, OGDCL continues to advance hydrocarbon resource monetization through indigenous capabilities. The commencement of production from Bobi Deep-1 will support domestic energy supplies and reduce reliance on imports.

The above information is submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations, for dissemination amongst your members.

Yours Sincerely,

(Wasim Ahmad)

Company Secretary

Copy: Executive Director/HOD, Supervision Division, SECP, Islamabad.

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