REG - Oil and Gas Devt Co - Production Commencement - Exploratory Well Kharo-1

Oil And Gas Development CoAnnouncement

15/01/2025 09:30

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RNS Number : 4287T  Oil and Gas Development Company Ltd  15 January 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

January 15, 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 - Exploratory Well Kharo-1

 

Dear Sir,

We are pleased to announce that Kharo-1 well has been successfully brought
into production. Kharo-1 well is currently producing 20 barrels per day (BPD)
of oil and 5.0 million standard cubic feet per day (MMSCFD) of gas. The well
has been connected to the OGDCL Sinjhoro Processing Plant after laying of
6"-12.5 Km flow line from well site to Chabaro merging point, with the gas
seamlessly integrated into the SSGC network.

OGDCL operates the Khewari Block with a 95% working interest, while Government
Holding Private Limited (GHPL) holds the remaining 5%. The well is located in
the Khairpur District of Sindh province.

 

This achievement highlights OGDCL's unwavering commitment to operational
excellence and its crucial role in strengthening Pakistan's energy landscape,
reinforcing its position as a leader in the hydrocarbon 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, Offsite-II Department, Supervision Division,

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

Jinnah Avenue, Blue Area,

Islamabad.

 

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