Karachi: Oil & Gas Development Company Limited (OGDCL) has finalized its acquisition of an additional 7.99% working interest in the Qadirpur Development & Production Lease (D&PL), according to a statement released on June 19, 2026. This development marks the completion of a transaction previously disclosed on January 23, 2025, whereby OGDCL entered into a Farm-in Agreement with KUFPEC Pakistan B.V. (KPBV). As a result, OGDCL's stake in the Qadirpur D&PL, also known as Block 2667-1, has increased from 75.00% to 82.99%.

The transaction was executed following the approval of the Government of Pakistan and the enforcement of the Deed of Assignment (DOA). This process was carried out under Rule 8 and Rule 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition is submitted in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations for dissemination among its members.

The Qadirpur D&PL is a significant asset within the designated market category of oil and gas development in Pakistan. The completion of this transaction strengthens OGDCL's position in the sector, reflecting its strategic commitment to expanding its operational footprint within the country.