Oil and Gas Development Company Ltd (OGDCL) has assigned 2.5% interest in Rakhshan 2764-2 EL (Balochistan Basin) onshore concession to Government Holding Pvt. Ltd (GHPL) with effect from 21 August 2019. As a result of this transaction the equity split is as follows: OGDCL (97.5%, operator) and GHPL (2.5%). The licence covers 2,458 sq km area and is located in the Kharan and Panjgur districts of Balochistan province. Rakhshan EL was exclusively awarded to OGDCL with the signing of Petroleum Concession Agreement (PCA) on 21 March 2014.  OGDCL acquired 267 line km 2D seismic (dynamite / vibroseis source) in Rakhshan EL from December 2017 to May 2018 using its SP-2 seismic crew. The company had earlier acquired 315 line km 2D seismic (dynamite source) from November 2015 to February 2016 using the Bureau of Geophysical Prospecting (BGP) âBGP 9501-Dâ seismic crew. It was reported in May 2019 that OGDCL was granted an extension up to 31 August 2019 to the Phase-I of initial term of the Rakhshan EL - it was made effective retrospectively from 21 March 2017.   No wells have been drilled on the acreage to date. Rakhshan EL was offered under the 2012 Licensing Round which was launched from 11 October 2012 to 10 March 2013.
OGDCL (->97,5% op.) assigned 2,5% working interest in the Rakhshan 2764-2 EL to Government Holdings (Pvt).