OGDC raises stake in Qadirpur field to around 83%

 June 19, 2026 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has completed its farm-in transaction to acquire an additional working interest in the Qadirpur Development & Production Lease (D&PL), increasing its stake in one of Pakistan’s key gas-producing assets.

According to a notification submitted to the Pakistan Stock Exchange (Pakistan Stock Exchange), OGDC’s working interest in the Qadirpur Concession Area (Block 2667-1) has risen from 75.00% to 82.99% following completion of the acquisition process.

The transaction was executed through a farm-in agreement with KUFPEC Pakistan B.V. (KPBV) and formalized via a Deed of Assignment after receiving approval from the Government of Pakistan.

The transfer has been carried out under Rules 8 and 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986.

OGDC stated that the completion of the acquisition marks the final stage of the previously disclosed agreement dated January 23, 2025, under which the company had planned to increase its exposure in the Qadirpur field.

The disclosure was made in compliance with Section 96 of the Securities Act, 2015 and PSX disclosure requirements.

The Qadirpur field remains one of the country’s major gas-producing assets, and the enhanced working interest is expected to further strengthen OGDC’s upstream portfolio and production base.

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