REG - Oil and Gas Devt Co - Production Revival at Kunnar Pasakhi Deep Field

Oil And Gas Development CoAnnouncement

12/12/2023 09:45

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RNS Number : 4841W  Oil and Gas Development Company Ltd  12 December 2023

 

 

 

 

CS04-08 (PSX/LSE/SECP)

December 12, 2023

 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

 Fax No. (92-21) 3241 0825, 3241 5136

Subject:        Production Revival at Kunnar Pasakhi Deep (KPD) Field

 

Dear Sir,

 

Oil & Gas Development Company Limited (OGDCL) as part of its production
optimization drive has successfully re-injected six (06) low pressure wells
from Kunnar Pasakhi Deep (KPD) Field through in-house arrangement of
compression and operational modifications. This has resulted in enhancement of
16 MMSCFD of gas, 150 BPD of condensate and

18 MTD LPG from the Field. The gas is being injected in M/s Sui Southern Gas
Company Limited (SSGCL) network with effect from 11.12.2023

 

2.       KPD Field is located in the Sindh Province about 25 km from
Hyderabad. The field is currently producing 1600 BPD Condensate, 107 MMSCFD
Sale Gas and 195 MTD LPG with two trains of Amine Sweetening and Glycol
Dehydration units, LPG extraction and allied utilities. It is pertinent to
mention here that OGDCL's relentless efforts to address the decline in gas
production and enhance national energy security reflect its commitment to the
socio-economic development of Pakistan.

 

3.       The above information is submitted in compliance with 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)

  A/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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