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ISLAMABAD - Oil and Gas Development Company Limited (OGDCL) announced Tuesday that the Razgir-1 well in Pakistan’s TAL Block has commenced production, yielding approximately 28 million cubic feet of gas and 350 barrels of condensate per day.
According to a statement based on information from MOL, the operator of TAL Block, the well was brought online on October 12 at the Tolanj Production facility. OGDCL holds a 27.76% post-commerciality working interest in the project.
The production announcement follows earlier disclosures from July and August 2024 regarding testing results of the Lumshiwal, Kawagarh and Lockhart formations at the Razgir-1 well.
The company made the disclosure in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of Pakistan Stock Exchange Regulations. OGDCL is listed on both the Pakistan Stock Exchange and the London Stock Exchange.
The announcement represents the culmination of exploration and testing activities at the well site that began over a year ago, with production now successfully established at commercial levels.
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