REG - Oil and Gas Devt Co - Production Commencement - Development Well Uch-36

Oil And Gas Development CoAnnouncement

27/02/2025 10:00

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RNS Number : 7128Y  Oil and Gas Development Company Ltd  27 February 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

February 27, 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:        Production Commencement - Development Well Uch-36

 

Dear Sir,

 

Oil & Gas Development Company Limited (OGDCL) is pleased to announce the
successful production commencement from Uch-36 development well. Utilizing
in-house expertise, OGDCL drilled the well to a depth of 1,275 meters,
targeting the Sui Main Limestone (SML) formation.

Uch-36 is producing 7.3 million standard cubic feet per day (MMSCFD) of gas.
Following the installation of an 8-inch, 1.0-kilometer flowline, the well has
been connected to the OGDCL Uch Gas Processing Plant, supplying gas to Uch
Power Limited (UPL).

As the operator of the Uch Development & Production Lease (D&PL) with
a 100% working interest, OGDCL holds a strategic position in Dera Bugti
district of Balochistan.

OGDCL remains committed to accelerated exploration, efficient drilling, and
optimized production to strengthen national energy security and support
sustainable development.

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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