REG - Oil and Gas Devt Co - ESP Success at Heavy Oil Well Rajian-05

Oil And Gas Development CoAnnouncement

07/07/2025 10:30

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RNS Number : 0043Q  Oil and Gas Development Company Ltd  07 July 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

July 07, 2025

 The General Manager,               London Stock Exchange Plc.,

 Pakistan Stock Exchange Limited,   10 Paternoster Square,

Stock Exchange Building,

                                  London EC4M 7LS.
 Stock Exchange Road,

Karachi-74000, Pakistan.

                                    Tel: (44) 20 7334 8907

 

 

Subject:      ESP Success at Heavy Oil Well Rajian-05 Marks Substantial
Progress in OGDCL's Energy Development Efforts

Dear Sir,

 

Oil and Gas Development Company Limited (OGDCL) has successfully completed the
installation of Electrical Submersible Pump (ESP) at Rajian-05, resulting in a
significant improvement in production. Following a planned workover and ESP
deployment, production has increased to 3,100 BPD of oil and 1.0 MMSCFD of
gas. Prior to this intervention, the well was producing 820 barrels of oil per
day (BPD) and 0.5 million standard cubic feet per day (MMSCFD) of gas.

Rajian Field, located in District Chakwal and held under the Gujar Khan
Exploration License, is 100% owned and operated by OGDCL. Discovered in August
1994, it has remained an integral part of the Company's portfolio. Two wells
at Rajian had previously been completed with ESPs, and the recent result at
Rajian-05 further supports OGDCL's efforts to maximize the value of existing
fields through data-driven redevelopment planning.

This development reinforces the Company's continued focus on domestic energy
resource optimization in support of long-term sustainability and national
energy security.

 

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

 

Yours Sincerely,

 

 

 

(Wasim Ahmad)

  Company Secretary

 

Copy:

Executive Director/HOD, Offsite-II Department, Supervision Division-SECP,
Islamabad.

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