REG - Oil and Gas Devt Co - OGDCL Revives Rajian11 Heavy Oil Well Production

Oil And Gas Development CoAnnouncement

12/03/2025 07:00

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RNS Number : 3426A  Oil and Gas Development Company Ltd  12 March 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

March 12, 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:        OGDCL Revives Rajian-11, Heavy Oil Well, Restoring
Production

 

Dear Sir,

Oil & Gas Development Company Limited (OGDCL) has successfully revived
production at Rajian-11, a heavy oil well, through the installation of an
Electrical Submersible Pump (ESP). This initiative aligns with OGDCL's broader
strategy to enhance production using advanced artificial lift techniques.

Extending to 3,774 meters, Rajian-11 had remained suspended since 2020 due to
formation challenges. The Company successfully completed the well with an ESP
in Tobra, Jutana, and Sakesar formations, restoring production to 1,000
barrels per day (BPD) of oil.

 

Rajian Oil Field, located in District Chakwal, is fully owned and operated by
OGDCL under Gujar Khan E.L. Discovered in August 1994, the field has remained
a key asset in the Company's portfolio.

This achievement underscores OGDCL's commitment to maximizing hydrocarbon
recovery and operational efficiency, reinforcing its position as a leader in
Pakistan's energy sector.

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, SECP, 63, NIC Building, Jinnah Avenue, Islamabad.

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