Oil and Gas Development Company Ltd Discovers Oil and Gas from Well 05 In Chanda Oil Field

  • Sep 17, 2019 BST
  • Team Kalkine

Oil and Gas Development Company Ltd (LSE: OGDC), has discovered crude oil and gas from the development Well 05, in chanda oil field located in district Kohat, Khyber Pakhtunkhwa Province. The chanda D&PL is a joint venture where Oil & Gas Development Company Limited with a stake of 72 per cent is an operator while other partners comprise of Government Holdings (Private) Limited with stake of 17.5 per cent and Zaver Petroleum Corporation (Private) Limited with stake of 10.5 per cent.

On 17th September 2019, at the time of writing, GMT 12.35 PM, OGDC shares were trading at GBX 9.00, flat against the previous day closing price.

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