PAKISTAN
Pakistan Oilfields Limited (POL) announced that the Razgir-1 well, located in the TAL Block, has been successfully brought onstream on October 12, 2025, after obtaining all necessary regulatory approvals.
According to the company’s disclosure to the Pakistan Stock Exchange (PSX), the development follows earlier communications regarding the testing results of the Lumshiwal, Kawagarh, and Lockhart formations at the well.
As per information received from MOL, the operator of the TAL Block, production from Razgir-1 is being gradually increased and is expected to achieve a flow rate of 25.1 million cubic feet per day (MMCFD) of gas and 333 barrels per day of condensate.
POL further informed that its pre-commercial working interest in the TAL Block stands at 25%.
The company stated that the commencement of production from Razgir-1 marks another step toward enhancing domestic energy supplies and strengthening Pakistan’s upstream sector.
In accordance with Section 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book of the
Pakistan Stock Exchange Limited (PSX), we hereby convey the following material information:
With reference to the order issued by Competition Commission of Pakistan (CCP) and the imposition of
penalty on International Steels Limited (“the Company”), the Company is reviewing the details and will
take appropriate legal steps as needed. – ER News Desk
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