Production Commencement from Kunnar West-03 Well

Oil and Gas Development Company Ltd

19 December 2024

 

OIL & GAS DEVELOPMENT COMPANY LIMITED (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

December 19, 2024

The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi-74000, Pakistan.

London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS. Tel: [phone]

Subject: Production Commencement from Kunnar West-03 Well

Dear Sir,

We are pleased to announce that Kunnar West Well-3 has been successfully brought into production at a wellhead flowing pressure (WHFP) of 1200 PSI with a choke size of 32/64". The current production levels are 3.5 MMSCFD of gas, 30 barrels per day of condensate, and 3.8 metric tons per day of LPG. The gas has been seamlessly integrated into the SSGCL network.

Kunnar West Field is part of the Kunnar Mining Lease, located in Hyderabad District, Sindh Province, and is operated by OGDCL with 100% working interest.

This accomplishment underscores OGDCL's commitment to operational excellence and its vital contribution to enhancing Pakistan's energy landscape, further solidifying its position as a leader in the hydrocarbon sector.

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, SECP, 63, NIC Building, Jinnah Avenue, Islamabad.

 

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