KARACHI: Mari Energies Limited (MARI) announced the discovery of oil and gas from its Mari Ghazij CF-B1 well in Pakistan’s Provice Sindh.
The company informed the Pakistan Stock Exchange (PSX) that the well, spud-in on September 12, 2025, was successfully drilled to a depth of 1,195 meters into the SUL formation.
MARI said the well targeted oil-rich zones within the Ghazij formation. During testing, it produced 305 barrels of oil per day along with 3 million standard cubic feet of gas per day (MMSCFD) at a wellhead pressure of 225 Psi.
Arif Habib Limited (AHL) noted that the discovery could add around Rs1.29 per share to MARI’s annual earnings.
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Mari Energies operates the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, and is Pakistan’s second largest natural gas producer. The company has an exploration success rate of about 70%, far above the national average of 33% and the global average of 14%.
MARI supplies its oil and gas to fertiliser companies, power plants, gas distribution firms, and refineries.
