Mari Energies Limited (MariEnergies), one of Pakistan’s largest E&P companies, announced on Thursday the discovery of hydrocarbon from its exploratory well located in Sindh. The company shared the information in a notice to the Pakistan Stock Exchange (PSX) today. “MariEnergies is pleased to announce a gas & condensate discovery resulting from Shams-1 exploratory well, drilled in Mari D&PL, located in Ghotki district, Sindh. “Shams-1 well was spud-in on January 30, 2026, and successfully drilled down to the total depth of 3,075m,” the notice read, adding that the well targeted Lower Goru-B sands as exploratory targets. “During the testing, the well flowed at a rate of 47.98 MMSCFD gas with 64 barrels per day of condensate at a choke size of 64/64“,” read the notice. The stabilised Well Head Flowing Pressure (WHFP) of 2,404 psig was observed during the testing, the bourse was informed. The company is an integrated oil and gas exploration and production company, and around 70% exploration success rate, which is much higher than industry averages of around 33% nationally and 14% internationally. MARI’s key customers include fertiliser manufacturers, power generation companies, gas distribution companies, and refineries.