Pakistan, June 20 -- The Oil and Gas Development Company (OGDCL) said on Friday that KUFPEC Pakistan's E&P ownership in the Qadirpur gas field has increased from 75% to 82.99%.

The development was shared via a notice to the Pakistan Stock Exchange today.

"Regarding OGDCL's acquisition of an additional 7.99% working interest in Qadirpur Development & Production Lease (D&PL) through a farm-in agreement with KUFPEC Pakistan B.V. (KPBV), we are pleased to inform that the acquisition process has been completed," the notice said.

Pursuant to the approval of the Government of Pakistan and execution of the Deed of Assignment (DOA), the transfer of 7.99% working interest from KPBV to OGDCL has been effected."

OGDCL is Pakistan's largest explor...