REG - Oil and Gas Devt Co - Jhal Magsi Development Project

Oil And Gas Development CoAnnouncement

18/08/2025 07:00

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RNS Number : 6911V  Oil and Gas Development Company Ltd  18 August 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

August 18, 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:         Jhal Magsi Development Project - Successful Commissioning

 

Dear Sir,

 

Oil & Gas Development Company Limited (OGDCL) is pleased to announce the
successful completion and commissioning of Jhal Magsi Development Project,
located in the remote region of District Jhal Magsi, Balochistan.

 

Jhal Magsi Development project is currently delivering approximately 14
Million Standard Cubic Feet per Day (MMSCFD) of pipeline-quality gas, along
with 45 Barrels per Day (BPD) of condensate. The gas has been injected into
the Sui Southern Gas Company Limited (SSGCL) network, following the
construction of 98-kilometer gas transportation line by SSGCL from Jhal Magsi
field to SSGCL tie-in point.

 

Development activities commenced in February 2024, following Government of
Pakistan's approval of incentives for the Project, including conversion from
1997 Petroleum Policy to Marginal Field Gas Pricing Policy. The project was
accorded high priority to address the national energy requirement and was
executed on an accelerated timeline, overcoming various technical and
territorial challenges. Scope of work included installation of Amine Unit,
Dehydration Unit, Hot Oil Package, power generation facilities, and gathering
systems.

 

Jhal Magsi Field comprises two (02) wells and is a joint venture with OGDCL as
the operator with 56% working interest, Pakistan Oilfields Limited (POL) and
Government Holdings Private Limited (GHPL) 24% and 20% working interests,
respectively.

 

The successful commissioning of Jhal Magsi Development Project reflects
OGDCL's commitment to national energy security through sustainable development
of domestic hydrocarbon resources.

 

The above information is submitted in compliance with 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: Securities and Exchange Commission of Pakistan, NIC Building, Blue Area,
Islamabad.

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