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Oil & Gas Development Company Limited (OGDCL) announced on February 27, 2025, the production commencement from its Uch-36 development well, drilled to a depth of 1,275 meters. The well is producing 7.3 million standard cubic feet per day (MMSCFD) of gas, which has been connected via an 8-inch, 1.0-kilometer flowline to the OGDCL Uch Gas Processing Plant to supply Uch Power Limited (UPL). OGDCL holds a 100% working interest as the operator of the Uch Development & Production Lease.
| Date | 27 Feb 2025 |
| Time | 09:45:44 |
| Category | Corporate updates |
| ID | 7128Y |
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OIL & GAS DEVELOPMENT COMPANY LIMITED (BOARD SECRETARIAT) |
CS04-08 (PSX/LSE/SECP)
February 27, 2025
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The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Road, |
London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS.
Tel: (44) 20 7334 8907 |
Subject: Production Commencement - Development Well Uch-36
Dear Sir,
Oil & Gas Development Company Limited (OGDCL) is pleased to announce the successful production commencement from Uch-36 development well. Utilizing in-house expertise, OGDCL drilled the well to a depth of 1,275 meters, targeting the Sui Main Limestone (SML) formation.
Uch-36 is producing 7.3 million standard cubic feet per day (MMSCFD) of gas. Following the installation of an 8-inch, 1.0-kilometer flowline, the well has been connected to the OGDCL Uch Gas Processing Plant, supplying gas to Uch Power Limited (UPL).
As the operator of the Uch Development & Production Lease (D&PL) with a 100% working interest, OGDCL holds a strategic position in Dera Bugti district of Balochistan.
OGDCL remains committed to accelerated exploration, efficient drilling, and optimized production to strengthen national energy security and support sustainable development.
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.
