ISLAMABAD: Mari Energies Limited (MARI) has announced a major oil and gas discovery at its Mari Ghazij CF-B1 well, located in Sindh, marking another boost for Pakistan’s energy exploration efforts.
The company revealed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday, stating that drilling for the Mari Ghazij CF-B1 well began on September 12, 2025, and reached a total depth of 1,195 meters into the SUL formation.
According to MARI, the well specifically targeted oil-prone zones within the Ghazij formation, and the results have been encouraging. “During testing, the well produced 305 barrels of oil per day along with 3 million standard cubic feet per day (MMSCFD) of gas, with a wellhead flowing pressure (WHFP) of 225 psi at a 48/64-inch choke size,” the company stated.
Market analysts at Arif Habib Limited (AHL) noted that this new discovery is likely to contribute approximately Rs. 1.29 per share to MARI’s annual earnings a positive sign for both the company and the broader energy sector.
MARI, which operates Pakistan’s largest gas reservoir at the Mari Gas Field in Daharki, Sindh, is currently the second-largest producer of natural gas in the country. The company’s impressive exploration success rate of nearly 70% stands well above the national average of 33% and the global average of 14%, underscoring its consistent track record in oil and gas exploration.
Its major clients include fertilizer manufacturers, power producers, gas distribution companies, and refineries, reflecting MARI’s pivotal role in sustaining Pakistan’s energy and industrial supply chain.
The discovery is seen as a welcome development for Pakistan’s energy landscape, which continues to grapple with rising demand and depleting reserves. Industry experts believe such discoveries could help strengthen the country’s self-reliance in the energy sector while reducing dependence on costly imports.
