Oil and Gas Development Company Ltd
09 September 2026
CS04-08 (PSX/LSE/SECP)
September 09, 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: First Gas from Lundali-1 Well, Sukhpur-II Block, Sindh Province
Dear Sir,
Oil and Gas Development Company Limited (OGDCL), as a 30% working interest partner in the Sukhpur-II Block, is pleased to announce that Lundali-1 Well has been successfully commissioned, with first gas achieved on September 06, 2026.
The well is currently producing 10 million standard cubic feet per day (MMscfd) of gas, with a wellhead pressure of 2,000 pounds per square inch (psi). The gas is being supplied to Sui Southern Gas Company Limited (SSGC).
Prime Global Energies Limited operates the Block with a 25% working interest, while the other joint venture partners are Mari Energies Limited with a 30% working interest and Turkish Petroleum Overseas Company Limited with a 15% working interest.
The Petroleum Concession Agreement and Exploration Licence for Sukhpur-II Block (2568-23) became effective on December 02, 2025. Lundali-1, which was drilled under the previous joint venture arrangement, has subsequently been brought on stream by the present joint venture. The commencement of production from the well is contributing additional indigenous gas to the national energy supply.
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, Offsite-II, 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.