REG - Oil and Gas Devt Co - Production Commencement from Kunnar West-03 Well

Oil And Gas Development CoAnnouncement

19/12/2024 07:00

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RNS Number : 7344Q  Oil and Gas Development Company Ltd  19 December 2024

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

December 19, 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 from Kunnar West-03 Well

 

Dear Sir,

We are pleased to announce that Kunnar West Well-3 has been successfully
brought into production at a wellhead flowing pressure (WHFP) of 1200 PSI with
a choke size of 32/64". The current production levels are 3.5 MMSCFD of gas,
30 barrels per day of condensate, and 3.8 metric tons per day of LPG. The gas
has been seamlessly integrated into the SSGCL network.

Kunnar West Field is part of the Kunnar Mining Lease, located in Hyderabad
District, Sindh Province, and is operated by OGDCL with 100% working interest.

This accomplishment underscores OGDCL's commitment to operational excellence
and its vital contribution to enhancing Pakistan's energy landscape, further
solidifying 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, SECP, 63, NIC Building, Jinnah Avenue, Islamabad.

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