3 stories mentioning OGDC.LUpdated 57m ago
Every FINWIRES story that references OGDC.L, newest first.
Oil and Gas Development (OGDC.L), d/b/a OGDCL, said Friday it completed the process to boost its ownership in the Qadirpur gas field in Pakistan.The state-owned oil and gas company increased its shareholding to 83% from 75% through a farm-in agreement with Kufpec Pakistan that was first announced last January.
Oil and Gas Development Co Ltd (OGDC.L), d/b/a OGDCL, received the 10th of 12 monthly interest payments of 7.73 billion Pakistani rupees from Power Holding (Private) Ltd under the Pakistan government's circular debt settlement plan.The state-owned power company will pay a total of 92 billion rupees in interest to the London-listed Pakistani oil and gas company, according to a Friday release.
Oil & Gas Development Co. (OGDC.L), d/b/a OGDCL, said Thursday it restarted gas production at the Jand-1 well in Attock District, Pakistan.The Pakistani oil and gas company conducted recompletion and targeted stimulation at the well, which is now producing over 21 million standard cubic feet per day of gas, compared with 7 million before.Jand-1 started production in 2019, but closed due to a mechanical failure under challenging downhole conditions.
