Karachi: The Oil and Gas Development Company Limited (OGDCL), in collaboration with its partners, has successfully revived production at the Chak # 2-2 Well located in the Sinjhoro Block, District Sanghar, Sindh Province. The announcement was made on April 3, 2025, underscoring the role of OGDCL as the Operator with a 62.5% working interest, alongside Government Holdings (Private) Limited (GHPL) with 22.5%, and Orient Petroleum Inc. (OPI) holding 15%.

Following recent sidetrack and recompletion efforts in the Basal Sand formation, the post-completion testing at the Chak # 2-2 Well has yielded a production rate of 115 barrels of oil per day (BPD) and 7.0 million standard cubic feet per day (MMSCFD) of gas. Additionally, the well is recovering 21 metric tons per day (MTon/D) of liquefied petroleum gas (LPG).

This achievement marks a significant milestone as the well has been successfully integrated into the Sinjhoro Gas Processing Plant, with the processed gas being injected into the SSGCL network. According to information available from the Pakistan Stock Exchange (PSX), this development emphasizes OGDCL’s commitment to operational efficiency and the optimization of reserves.

The revival of production at the Chak # 2-2 Well is a strategic move for OGDCL, reinforcing its status as Pakistan’s leading exploration and production company. The successful integration of the well into the existing infrastructure highlights the company’s dedication to sustainable energy practices and maximizing stakeholder value.

The information provided is in accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, ensuring transparency and dissemination among market participants.