OGDCL is the largest exploration & Production (E&P) company of Pakistan with its principal objective to expand and accelerate onshore exploration and development activities and contingent upon these activities, undertake careful selected offshore and international development activities to augment its oil and gas resources.
EXPLORATION: As of July 31, 2015, the Company has working interest in 63 concessions, holding the largest exploration acreage of 115,037 Sq. Km. Our exploration licences portfolio is spread across all the four provinces of the Country with 10 in Khyber Pakhtunkhwa province, 15 in Punjab, 12 in Sindh and 24 in Balochistan with 2 blocks in the offshore areas of Pakistan. Since inception to July 31, 2015 OGDCL has drilled a total of 708 wells (304 exploratory, 39 appraisal and 365 development wells). The Company has made 104 oil and gas discoveries in all four provinces of the country.
RESERVES: The Company has the largest hydrocarbon reserves in Pakistan. Out of the total country's oil and gas reserves, the Company holds 57% oil and 42% of gas reserves as of June 30, 2014.
PRODUCTION: OGDCL is pursuing an aggressive production enhancement strategy involving short term and medium term plans to augment oil and gas production from its own and operated JV fields. The Company has a portfolio of 47 producing fields which are 100% owned and operated. The Company produced on an average of 42,194 bopd of oil and 1,018 mmcfd of gas for the FY 2014-15.
HUMAN RESOURCE The Company possesses a diverse work-force base, being the largest professional / technical human resource base in the country's oil industry. As of July 31, 2015, OGDCL has total regular and contract manpower strength of 9,526 out of which 2,290 are officers and 7,236 are staff. In addition 4,484 employees are working as work charge/third party workers.
FINANCIAL POSITION: Financial year 2013-14 emerged as a landmark year in the history of OGDCL with its Profit after Taxation increasing by 35.8% and reaching a new record level of Rs 123.915 billion (2012-13: Rs 91.273 billion). The Company's Sales Revenue exhibited a growth of 15.1% surging to Rs 257.014 billion (2012-13: Rs 223.365 billion). During the nine months, of the current FY-2014-15 OGDCL's net sales registered to Rs 162.693 billion, whereas its Net profit before taxation and Net Profit after Taxation amounted to Rs 103.105 billion and Rs 68.006 billion respectively.