REG - Oil and Gas Devt Co - Signing of Agreements for Exploration Blocks

Oil And Gas Development CoAnnouncement

03/12/2025 07:05

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RNS Number : 0455K  Oil and Gas Development Company Ltd  03 December 2025

 

 

 

 

CS04-08 (PSX/LSE/SECP)

December 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: Signing of Agreements for One Offshore and Two Onshore Exploration
Blocks

Dear Sir,

 

Further to our earlier announcements dated May 14, 2025 and October 15, 2025,
we are pleased to inform that the Government of Pakistan executed three
agreements on December 02, 2025 covering one offshore and two onshore blocks
where Oil & Gas Development Company Limited (OGDCL) is a partner together
with Turkish Petroleum Oil Company (TPOC), Mari Energies Limited (Mari),
Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company
Limited (Prime) and Government Holdings (Private) Limited (GHPL) as per
following detail:

 

 Sr#  Block Name                                 Operator                                    JV Partners with Participating Interest
 1.   Eastern Offshore Indus-C Block (Offshore)  TPOC: 25% Participating interest            OGDCL: 20%, PPL: 35% and MariEnergies: 20%
 2.   Ziarat North Block (Onshore)               MariEnergies 33.16% Participating interest  OGDCL: 24.87%, TPOC: 10%,

                                                                                             PPL: 24.87% and GHPL: 7.10%
 3.   Sukhpur-II Block (Onshore)                 Prime: 25% Participating interest           OGDCL: 30%, MariEnergies:30% and TPOC:15%

 

These agreements mark an important step for OGDCL, enhancing its exploration
portfolio across both offshore and onshore frontiers and strengthening its
long-term growth opportunities through participation in high-potential blocks.

 

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)

Company Secretary

Copy:

 

Executive Director/HOD, Supervision Division, SECP, Jinnah Avenue, Blue Area,
Islamabad.

 

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