REG - Oil and Gas Devt Co - Kehwari Project Update

Oil And Gas Development CoAnnouncement

22/11/2023 09:00

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RNS Number : 3138U  Oil and Gas Development Company Ltd  22 November 2023

 

 

 

 

 

 

No.CS04-08/ (PSX/LSE/SECP)
                     November 22, 2023

 

 The General Manager,                                        London Stock Exchange Plc.

 Pakistan Stock Exchange Limited, Stock Exchange Building,   10 Paternoster Square,

 Stock Exchange Road,                                        London EC4M 7LS

 Karachi                                                     Tel: (44) 20 7334 8907

 

Subject:        KHEWARI PROJECT UPDATE

 

Dear Sir,

Oil & Gas Development Company Limited (OGDCL) has successfully completed
the Khewari (Suleman 1 & 2) Development Project, with potential gas
production of 10 million standard cubic feet per day (MMSCFD). Currently, 7
MMSCFD of gas is being processed at the Sinjhoro Plant in the Sanghar
District, Sindh Province, and will be ramped up to the full potential. The
wells are under choke optimization process for further enhancement in gas
supply.

OGDCL adopted a fast-track strategy, accelerating processes for the first gas
injection by laying a 6-inch diameter pipeline spanning 14.5 kilometers from
the Gathering Facility near Suleman-1 to the Chabaro Tie-in point. The venture
is a collaborative effort in which OGDCL serves as the operator with a 77.50%
stake, while Government Holdings Private Limited (GHPL) holds the 22.50%
share.

 

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)

A/Company Secretary

 

Copy:

 

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,

63, NIC Building, Jinnah Avenue, Blue Area,

Islamabad.

 

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