REG - Oil and Gas Devt Co - PRODUCTION COMMENCEMENT FROM BARAGZAI X-1 WELL

Oil And Gas Development CoAnnouncement

16/04/2026 07:00

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RNS Number : 7335A  Oil and Gas Development Company Ltd  16 April 2026

 

 

 

CS04-08 (PSX/LSE/SECP)

April 16, 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: PRODUCTION COMMENCEMENT FROM BARAGZAI X-1 WELL, NASHPA BLOCK

 

Dear Sir,

 

Further to our earlier disclosure dated March 04, 2026 regarding the Oil &
Gas Discovery at Baragzai X-1 (Slant) well from Lockhart Limestone formation,
we are pleased to announce a significant development that the Baragzai X-1
well, located in Nashpa Exploration License, has been successfully brought
into production.

 

The well is currently producing approximately 5,300 barrels of oil per day
(BPD), 17 million standard cubic feet of gas per day (MMSCFD), and 15 metric
tons of LPG, reflecting the well's production potential.

 

An 8" x 8.1 km flowline has been laid to connect the Baragzai X-1 well to the
Mela facility, enabling onward processing at Nashpa Plant. The processed gas
is now being injected into the SNGPL system.

 

In phase II, OGDCL plans to drill two appraisal wells to delineate the
reservoir and enhance production potential from the field. Based on the
outcome of appraisal wells, a full field development plan would be formulated
aimed at achieving maximum production.

 

Oil and Gas Development Company Limited (OGDCL), as operator of the Nashpa
Exploration License located in District Kohat, Khyber Pakhtunkhwa Province,
holds a 56.45% working interest, along with its joint venture partners –
Pakistan Petroleum Limited (PPL) with 26.05% and Government Holdings (Private)
Limited (GHPL) with 17.50% working interest.

 

OGDCL remains committed to an integrated approach to exploration, drilling,
and development activities with a focus on bringing its discoveries into the
production stream on an accelerated basis. These efforts reflect the company's
commitment to enhancing national energy security and contributing to the
sustainable development of Pakistan.

 

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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