2nd Dec 2015 10:34
OIL AND GAS DEVELOPMENT COMPANY LIMITED
Jinnah Avenue, Blue Area, Islamabad. Tel: 0092 51 262 3030
No. CS04-08(KSE/LSE/ISE)
December 2, 2015
1. | The General Manager, Karachi Stock Exchange (G) Limited, Stock Exchange Building, Stock Exchange Road, Karachi Fax No: 021-111-573-329, 2437560 | 2. | The Secretary, Lahore Stock Exchange (G) Limited, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore Fax No. 042-36368485 |
3. | The Secretary, Islamabad Stock Exchange (G) Ltd, 55-B, ISE Towers, Jinnah Avenue, Islamabad Fax No. 051-111473329 | 4. | London Stock Exchange Plc. 10 Paternoster Square, London EC4M 7LS Tel: (44) 20 7334 8907 |
SUBJECT: DISSEMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES
Dear Sir,
We are pleased to inform you that Oil and Gas Regulatory Authority (OGRA) has notified the wellhead gas prices for OGDCL operated fields for the period from January 01, 2015 to December 31, 2015 as under:
Name of the Field | To be sold to | Price per MMBTU | ||||
From July 01, 2015 to December 31, 2015 | ||||||
Loti Field | SNGPL | PKR 140.94 | ||||
Dhodak Field | SNGPL | PKR 299.73 | ||||
Ex-Dakhni Oil Field | SNGPL | PKR 150.01 | ||||
Sadkal Gas Field
| SNGPL | When daily production taken on a monthly average is (MMBTU / day) | Rs / MMBTU | |||
1 | Upto and including 100 | PKR 473.11 | ||||
2 | Greater than 100 up to and including 200 | PKR 419.04 | ||||
3 | Greater than 200 up to and including 300 | PKR 364.97 | ||||
4 | Greater than 300 | PKR 297.39 | ||||
Qadirpur Gas Field | SNGPL | PKR 297.55 | ||||
Chanda Gas Field | SNGPL | US$ 2.7672 | ||||
Mela Gas Field | SNGPL | US$ 2.7672 | ||||
Nashpa Gas Field | SNGPL | US$ 2.7672 | ||||
Sari Hundi Field | SSGCL | When daily production taken on a monthly average is (MMBTU / day) | RS/ MMBTU | |||
1 | Up to 30 | PKR 459.83 | ||||
2 | Greater than 30 up to 50 | PKR 432.78 | ||||
3 | Greater than 50 up to 70 | PKR 405.73 | ||||
4 | Greater than 70 up to 90 | PKR 378.68 | ||||
5 | Greater than 90 up to 110 | PKR 351.63 | ||||
6 | Greater than 110 up to 130 | PKR 324.58 | ||||
7 | Greater than 130 up to 150 | PKR 297.54 | ||||
8 | Greater than 150 and upwards | PKR 270.49 | ||||
Bobi Field | SSGCL | When daily production taken on a monthly average is (MMBTU / day) | RS/ MMBTU | |||
1 | 0 Upto and including 30 | PKR 324.10 | ||||
2 | Greater than 30 upto and including 50 | PKR 297.09 | ||||
3 | Greater than 50 and all upward | PKR 270.09 | ||||
Pirkoh Field | SNGPL | PKR 140.94 | ||||
From January 01, 2015 to June 30, 2015 | ||||||
Loti Field | SNGPL | US$ 139.59 | ||||
Dhodak Field | SNGPL | PKR 296.85 | ||||
Ex-Dakhni Oil Field | SNGPL | PKR 148.57 | ||||
Sadkal Gas Field | SNGPL | When daily production taken on a monthly average is (MMBTU / day) | RS/ MMBTU | |||
1 | 0 Upto and including 100 | PKR 707.52 | ||||
2 | Greater than 100 upto and including 200 | PKR 626.66 | ||||
3 | Greater than 200 upto and including 300 | PKR 545.80 | ||||
4 | Greater than 300 | PKR 444.72 | ||||
Qadirpur Gas Field | SNGPL | PKR 303.90 | ||||
Chanda Gas Field | SNGPL | US$ 2.7699 | ||||
Mela Gas Field | SNGPL | US$ 2.7699 | ||||
Nashpa Gas Field | SNGPL | US$ 2.7699 | ||||
Sari Hundi Field | SSGCL | When daily production taken on a monthly average is (MMBTU / day) | RS/ MMBTU | |||
0 Up to 30 | PKR 760.15 | |||||
Greater than 30 upto 50 | PKR 715.43 | |||||
Greater than 50 upto 70 | PKR 670.72 | |||||
Greater than 70 upto 90 | PKR 626.00 | |||||
Greater than 90 upto 110 | PKR 581.29 | |||||
Greater than 110 upto 130 | PKR 536.57 | |||||
Greater than 130 upto 150 | PKR 491.86 | |||||
Greater than 150 and upwards | PKR 447.14 | |||||
Bobi Field | SSGCL | Production volume (MMBTU per Day) | PKR/ MMBTU | |||
Jul- Dec, 2014 | Jan- Jun, 2015 | |||||
0 Upto and including 30 | 572.43 | 536.57 | ||||
Greater than 30 upto and including 50 | 524.73 | 491.86 | ||||
Greater than 50 and all upward | 477.03 | 447.15 | ||||
Pirkoh Field | SNGPL | PKR 139.59 | ||||
2. The above is being provided to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance, 2012, Section 15-D of SECP Ordinance 1969 and KSE notice No. KSE/N-817 dated February 15, 2013.
Thanking you,
Yours sincerely,
(Ahmed Hayat Lak)
Company Secretary
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