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Oil and Gas Development Company Ltd (OGDCL) announced on June 19, 2026, the completion of its farm-in transaction with M/s KUFPEC Pakistan B.V. (KPBV). This acquisition transferred an additional 7.99% Working Interest in the Qadirpur Development & Production Lease (D&PL) from KPBV to OGDCL, increasing OGDCL's total interest from 75.00% to 82.99%. The transfer was effected pursuant to approval from the Government of Pakistan and execution of a Deed of Assignment.
| Date | 19 Jun 2026 |
| Time | 12:25:27 |
| Category | Miscellaneous |
| ID | 0664J |
CS04-08 (PSX/LSE/SECP)/1
June 19, 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: COMPLETION OF FARM-IN TRANSACTION FOR ADDITIONAL WORKING INTEREST IN QADIRPUR D&PL
Dear Sir,
Further to our earlier disclosure dated January 23, 2025 regarding OGDCL's acquisition of additional 7.99% Working Interest in Qadirpur Development & Production Lease (D&PL) through a Farm-in Agreement with M/s KUFPEC Pakistan B.V. (KPBV), we are pleased to inform that the acquisition process has been completed. Consequently, OGDCL's Working Interest in the Qadirpur D&PL / Concession Area (Block 2667-1) has increased from 75.00% to 82.99%.
Pursuant to the approval of the Government of Pakistan and execution of the Deed of Assignment (DOA), the transfer of 7.99% Working Interest from KPBV to OGDCL has been effected under Rule 8 and Rule 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986.
The above information is submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations, for dissemination amongst your members please.
Yours Sincerely,
(Wasim Ahmad)
Company Secretary
Copy: Executive Director/HOD, Supervision Division, SECP, Islamabad.