Signing of Agreements for Exploration Blocks

Summary by AI ^BETAClose X

Oil and Gas Development Company Limited (OGDCL) has executed three agreements with the Government of Pakistan for one offshore and two onshore exploration blocks, enhancing its exploration portfolio and long-term growth prospects. OGDCL will participate in the Eastern Offshore Indus-C Block with a 20% interest, the Ziarat North Block with a 24.87% interest, and the Sukhpur-II Block with a 30% interest, alongside partners including Turkish Petroleum Oil Company, Mari Energies Limited, Pakistan Petroleum Limited, Prime International Oil & Gas Company Limited, and Government Holdings (Private) Limited.

Disclaimer*

Oil and Gas Development Company Ltd

03 December 2025

CS04-08 (PSX/LSE/SECP)

December 03, 2025

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: (44) 20 7334 8907

Subject: Signing of Agreements for One Offshore and Two Onshore Exploration Blocks

Dear Sir,

Further to our earlier announcements dated May 14, 2025 and October 15, 2025, we are pleased to inform that the Government of Pakistan executed three agreements on December 02, 2025 covering one offshore and two onshore blocks where Oil & Gas Development Company Limited (OGDCL) is a partner together with Turkish Petroleum Oil Company (TPOC), Mari Energies Limited (Mari), Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company Limited (Prime) and Government Holdings (Private) Limited (GHPL) as per following detail:

Sr#	Block Name	Operator	JV Partners with Participating Interest
1.	Eastern Offshore Indus-C Block (Offshore)	TPOC: 25% Participating interest	OGDCL: 20%, PPL: 35% and MariEnergies: 20%
2.	Ziarat North Block (Onshore)	MariEnergies 33.16% Participating interest	OGDCL: 24.87%, TPOC: 10%, PPL: 24.87% and GHPL: 7.10%
3.	Sukhpur-II Block (Onshore)	Prime: 25% Participating interest	OGDCL: 30%, MariEnergies:30% and TPOC:15%

These agreements mark an important step for OGDCL, enhancing its exploration portfolio across both offshore and onshore frontiers and strengthening its long-term growth opportunities through participation in high-potential blocks.

The above information is submitted in compliance with 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, Supervision Division, SECP, Jinnah Avenue, Blue Area, Islamabad.

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