ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has finalised its acquisition of an additional 7.99 per cent working interest in the Qadirpur gas field from Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) Pakistan unit, pushing its stake in the country’s flagship gas asset to 82.99 per cent, the company said on Friday.
The deal, completed after the government of Pakistan signed off and both sides executed a Deed of Assignment (DOA), transfers the stake from KUFPEC Pakistan BV to OGDC under Rules 8 and 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986. It brings the formal close of a transaction OGDC first disclosed on January 23, 2025.
The acquisition raises OGDC’s working interest in the Qadirpur Development and Production Lease (D&PL), designated Block 2667-1, from 75 per cent to 82.99 per cent, cementing the state-run firm’s role as operator of one of Pakistan’s most productive gas fields.
Qadirpur, discovered in March 1990 in Ghotki, has been a workhorse of the national gas supply since production began in 1995. It has ranked among OGDC’s largest operated gas-producing assets, accounting for roughly a third of the company’s net gas output in past years.
