REG - Oil and Gas Devt Co - Production revival- Chak # 2-2 Well

Oil And Gas Development CoAnnouncement

03/04/2025 10:00

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RNS Number : 5360D  Oil and Gas Development Company Ltd  03 April 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)/1

April 03, 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 REVIVAL- CHAK # 2-2 WELL

 

Dear Sir,

We are pleased to announce the successful revival of production from Chak #
2-2 Well, a joint venture located in the Sinjhoro Block. The block comprises
Oil and Gas Development Company Limited (OGDCL) as the Operator with a 62.5%
working interest, Government Holdings (Private) Limited (GHPL) with 22.5%, and
Orient Petroleum Inc. (OPI) holding 15%. The well is situated in District
Sanghar, Sindh Province.

Following sidetrack and recompletion in the Basal Sand formation,
post-completion testing has yielded encouraging results, with a production
rate of 115 barrels of oil per day (BPD) and 7.0 million standard cubic feet
per day (MMSCFD) of gas. Additionally, 21 metric tons per day (MTon/D) of LPG
is being recovered.

The well has now been successfully integrated into the Sinjhoro Gas Processing
Plant, with the processed gas being injected into the SSGCL network.

This achievement reflects OGDCL's focus on operational efficiency and reserve
optimization, reinforcing its position as Pakistan's leading E&P company
committed to sustainable energy and stakeholder value.

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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