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Oil & Gas Development Company Limited (OGDCL) announced the commencement of gas and condensate production from the Spinwam-1 discovery in the Waziristan Block, KP Province, effective April 1, 2026. The Spinwam-1 well is producing approximately 40 MMscfd of gas and 200 BBL/D of condensate, contributing to a total of around 100 MMscfd gas and 800 BBL/D condensate from both Shewa and Spinwam wells operating early production facilities at full capacity. OGDCL holds a 35% working interest in the Waziristan Block Joint Venture, alongside Mari Energies Limited (Operator) with 55% and Orient Petroleum Inc. with 10%.
| Date | 1 Apr 2026 |
| Time | 08:06:35 |
| Category | Miscellaneous |
| ID | 0257Z |
CS04-08 (PSX/LSE/SECP)
April 01, 2026
|
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: Commencement of Production from Spinwam-1 Discovery in Waziristan Block - KP Province
Dear Sir,
We are pleased to announce that gas and condensate production has commenced from Spinwam-1 discovery located in Waziristan Block in KP Province under the Extended Well Testing (EWT) phase. The well has been completed in Lockhart reservoir. The current gas production rate from the well is ~40 MMscfd, and ~ 200 BBL/D of condensate.
With the induction of this gas, the early production facilities established at Shewa will be operated at full capacity with total production from both Shewa and Spinwam wells will be around 100 MMscfd gas and ~800 BBL/D of condensate.
The Joint Venture comprises Oil & Gas Development Company Limited (35% working interest), Mari Energies Limited (the Operator of Waziristan Block) (55%), and Orient Petroleum Inc. (10%) working interest, respectively.
The above information is being submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations for dissemination among your members.
Yours Sincerely,
(Wasim Ahmad)
Company Secretary
Copy:
Executive Director/HOD, Supervision Division, SECP, Islamabad.