Production Enhancement at Kal Field

Summary by AI ^BETAClose X

Oil and Gas Development Company Limited has successfully enhanced oil production from its Kal-03 well in District Chakwal, increasing output from 50 barrels of oil per day to 750 barrels of oil per day following a workover that included Multistage Physico-Chemical treatment and ESP installation. This initiative is part of the company's ongoing program to optimize and sustain production from mature fields.

Disclaimer*

Oil and Gas Development Company Ltd

16 February 2026

CS04-08 (PSX/LSE/SECP)

February 16, 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: (44) 20 7334 8907

Subject: Production Enhancement at Kal Field

Dear Sir,

We are pleased to inform that Oil and Gas Development Company Limited (OGDCL) has enhanced oil production from its Kal-03 well, located in District Chakwal, by successfully carrying out workover. Prior to the intervention, the well was producing approximately 50 barrels of oil per day (BPD) under natural flow. Following a planned workover that included Multistage Physico-Chemical (MPC) treatment and ESP installation, the production has increased to 750 BPD.

The activity forms part of OGDCL's ongoing production optimization program focused on sustaining and improving output from mature fields.

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 among your members.

Yours Sincerely,

(Wasim Ahmad)

Company Secretary

Copy:

Executive Director/HOD,
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan,
63, NIC Building, Jinnah Avenue, Blue Area,

Islamabad

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