ISLAMABAD, June 19, 2026: The Oil and Gas Development Company Limited (OGDCL) has completed the acquisition of an additional 7.99% Working Interest in the Qadirpur Development and Production Lease (D&PL) under a Farm-in Agreement with M/s KUFPEC Pakistan B.V. (KPBV), raising its total stake in the Qadirpur D&PL to 82.99%, a company handout said issued here on Friday.
Following Government of Pakistan approval and the execution of a Deed of Assignment (DOA), the transfer of 7.99% Working Interest from KPBV to OGDC has been formally effected under Rule 8 and Rule 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986.
With the completion of this acquisition, OGDC’s Working Interest in the Qadirpur D&PL / Concession Area (Block 2667-1) has increased from 75.00% to 82.99%, consolidating the company’s position as the major operator in one of Pakistan’s key producing gas fields. The company had earlier disclosed the planned acquisition on January 23, 2025.
OGDCL has informed to the Pakistan Stock Exchange (PSE) through a letter of completing the process of acquiring 7.99 % share from KPBV in Qadir Pur Development Lease.
