REG - Oil and Gas Devt Co - Production Commencement Development Well Uch-35

Oil And Gas Development CoAnnouncement

13/11/2024 07:00

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RNS Number : 0480M  Oil and Gas Development Company Ltd  13 November 2024

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

November 13, 2024

 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:        Production Commencement - Development Well Uch-35

 

Dear Sir,

 

Oil & Gas Development Company Limited (OGDCL) is pleased to announce the
commencement of production from the Uch-35 development well. Utilizing the
Company's in-house expertise, the well was drilled to a depth of 1,345 meters,
targeting the hydrocarbon potential of the Sui Main Limestone (SML) formation.

2.      Uch-35 is currently producing 5 million standard cubic feet per
day (MMSCFD) of gas. After the laying of an 8-inch diameter, 1.2-kilometer
flow line, the well has been connected to the OGDCL Uch Gas Processing Plant,
enabling gas supply to Uch Power Limited (UPL).

3.      As the operator of the Uch Development & Production Lease
(D&P.L) with a 100% stake, OGDCL holds a strategic position in this field,
located in the Dera Bugti district of Balochistan province.

4.      OGDCL remains focused on synchronized exploration, drilling, and
development efforts, prioritizing rapid production optimization to strengthen
national energy security and promote sustainable development.

5.      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,

Securities & Exchange Commission of Pakistan, 63, NIC Building,

Jinnah Avenue, Blue Area,

Islamabad.

 

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