Oil and Gas Development Company Limited (OGDC) has increased its ownership in one of Pakistan’s largest gas-producing assets after acquiring an additional 7.99 percent working interest in the Qadirpur Development and Production Lease (D&PL) from KUFPEC Pakistan B.V..
The acquisition was completed through a Farm-in Agreement, raising OGDC’s stake in the Qadirpur D&PL/Concession Area (Block 2667-1) from 75 percent to 82.99 percent. The move further strengthens OGDC’s position as the leading stakeholder and operator of the strategically important gas field.
According to the company, the transaction was executed under Article 12.5 of the Qadirpur Petroleum Concession Agreement (PCA), allowing OGDC to exercise its pre-emption rights and purchase KPBV’s share in the asset.
The acquisition forms part of OGDC’s broader strategy to optimize its exploration and production portfolio while enhancing its contribution to Pakistan’s growing energy needs.
Located in the Ghotki District region of Sindh, the Qadirpur gas field is among the country’s most significant natural gas-producing assets. OGDC has continued to invest in improving operational efficiency and maximizing production from the field.
Industry analysts believe the increased ownership will provide OGDC with greater operational control, improved resource management capabilities, and stronger long-term revenue potential. The deal is also expected to reinforce the company’s position in Pakistan’s upstream oil and gas sector at a time when the country is seeking to enhance domestic energy production and reduce reliance on imports.
As Pakistan’s largest exploration and production company, OGDC continues to expand its footprint through strategic acquisitions, production enhancement projects, and new exploration initiatives aimed at strengthening the country’s energy security.
