REG - Oil and Gas Devt Co - PRODUCTION COMMENCEMENT - WELL PASAKHI # 14

Oil And Gas Development CoAnnouncement

14/11/2025 10:30

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RNS Number : 6156H  Oil and Gas Development Company Ltd  14 November 2025

 

 

CS04-08 (PSX/LSE/SECP)

November 14, 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 PASAKHI # 14

 

Dear Sir,

 

OGDCL is pleased to announce the commencement of 1,100 BPD oil production from
its new development well, Pasakhi-14. The well is located in District
Hyderabad and is part of the Pasakhi & Pasakhi North Development &
Production Lease (D&PL), where OGDCL holds 100% working interest.

 

Leveraging its in-house expertise, OGDCL effectively delineated, drilled, and
tested the structure. The well was drilled to a depth of 2,183 meters,
specifically targeting the hydrocarbon potential of the upper sands of Lower
Goru formation.

 

Deployment of latest drilling technology comprising, Rotary Steerable System
(RSS), Electromagnetic Measurement While Drilling (MWD) and Nitrified mud
system-used for the first time by the Company- ensured precise directional
control and preservation of formation integrity resulting in excellent well
delivery. The well is equipped with state-of-the-art ESP technology.

 

The Company remains committed to delivering shareholder value through focused
exploration, efficient drilling, and production optimization, aligned with its
mission to strengthen national energy security.

 

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:

Director/HOD,

Office -II Department, Supervision Department

Securities & Exchange Commission of Pakistan,

NIC Building, 63 Jinnah Avenue, Blue Area,

Islamabad

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