OGDC Increases Working Interest in Qadirpur D&PL to 82.99% After Acquiring KUFPEC Stake

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Islamabad – (Special Correspondent / Web Desk) – Oil and Gas Development Company Limited (OGDC) has officially completed the OGDC Qadirpur acquisition, securing an additional 7.99% Working Interest in the Qadirpur Development and Production Lease from M/s KUFPEC Pakistan B.V. (KPBV).

With this deal now finalized, OGDC’s total stake in the Qadirpur D&PL has risen from 75% to 82.99%, making the company an even stronger operator in one of Pakistan’s most important gas-producing fields.

The transfer became official after the Government of Pakistan gave its approval. A Deed of Assignment (DOA) was then signed and executed under Rule 8 and Rule 9 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 1986.

OGDC had first announced its plan to acquire this stake back on January 23, 2025, through a Farm-in Agreement with KUFPEC. The process has now reached its formal completion, closing months of regulatory work.

The Qadirpur gas field is located in Ghotki District, Sindh, and has long been one of OGDC’s top gas-producing assets. Gaining a larger share here gives the company more control over production and long-term revenues.

This move reflects OGDC’s clear strategy to grow its presence in Pakistan’s upstream energy sector by strengthening control over key producing fields rather than chasing new, uncertain exploration blocks.