REG - Oil and Gas Devt Co - OGDCL Commences Oil Production from Pasakhi-13

Oil And Gas Development CoAnnouncement

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RNS Number : 8569X  Oil and Gas Development Company Ltd  24 March 2026

 

 

 

CS04-08 (PSX/LSE/SECP)

March 24, 2026

 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:          OGDCL Commences Oil Production from Pasakhi-13 -
Pakistan's First  Successful Horizontal Oil Well in Clastic Reservoirs

Dear Sir

 

We are pleased to inform that Oil and Gas Development Company Limited (OGDCL),
has successfully commenced oil production from its development well
Pasakhi-13, marking a historic milestone as Pakistan's first successful
horizontal oil well in clastic reservoir (lower Goru - A sand).

 

Pasakhi-13 is located in District Hyderabad, Sindh province and producing 460
barrels of oil per day (BPD). The well was drilled to a measured depth of
2,966 meters, including a 546-meter horizontal section with application of
geo-steering technology, enabling precise navigation within a narrow 3-meter
drilling window to optimally target the sweet spot within reservoir.

 

Furthermore, the well was completed and tested using a short string Electric
Submersible Pump (ESP), optimized for horizontal well configurations. Despite
challenging reservoir characteristics, horizontal drilling enabled enhanced
reservoir exposure, delivering nearly threefold higher production compared to
offset wells under similar conditions.

 

Pasakhi-13 well is part of the Pasakhi & Pasakhi North Development &
Production Lease (D&PL), where OGDCL holds a 100% working interest. The
achievement reinforces OGDCL's commitment to technical excellence, innovation,
and deployment of advanced technologies in line with global standards, while
advancing indigenous hydrocarbon production and strengthening Pakistan's
energy security.

 

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

 

 

Yours Sincerely,

 

 

(Wasim Ahmad)

Company Secretary

Copy:

 

Executive Director/HOD, Supervision Division, SECP, Islamabad.

 

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