Material Information

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 Building, Stock Exchange Road, Karachi-74000, Pakistan.

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

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.

 

END