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DISCOVERY OF HYDROCARBONS AT JAND WELL # 01    OGDCL 1st Qtr FY2015 Results Announcement (July- September 2014)      Executive Summary of CPR – July 1, 2014       OGDCL Full-Year Results FY2014 Conference Call Transcript              .... More                                          
 
 
 

OGDCL 1st Qtr FY2015 Results Announcement (July- September 2014) Highlights

OGDCL’s net sales increased to Rs 64.396 billion compared with Rs 62.416 billion in the corresponding quarter of last year .

Net Profit before Taxation during the period was Rs 41.580 billion compared with Rs 46.052 billion in the corresponding quarter of last year

Net Profit after Taxation during the period was Rs 28.310 billion as against Rs 33.588 billion in the corresponding period of preceding year translating into Earnings per Share of Rs 6.58.

The Board of Directors declared first interim cash dividend of Rs 2.50 per share

Average net realized price of crude oil sold was US$ 86.41/bbl as against US$ 85.76/bbl during corresponding period last year.

Average net realized price of natural gas sold was Rs 282.93/Mcf as against Rs 274.87/Mcf during corresponding period last year.

1,013 L. Kms of 2D and 301 Sq. Kms of 3D seismic data acquisition completed.

Four (4) new wells including three (3) exploratory / appraisal wells namely Nashpa-5 X-1, Zin Pab 2 & Jarwar X-1 and one (1) development well namely Kunnar-9 were spud during the period under review.

Company’s exploratory efforts to discover new hydrocarbon reserves yielded one (1) new oil and gas discovery at Soghri-1 well located in district Attock, Punjab.

Average net crude oil production of 40,868 barrels per day, net gas production of 1,216 MMcf per day and net LPG production of 231 M. Tons per day was achieved during the period under review.

   

   
   
OGDCL – The leading E&P Player in Pakistan



 

OGDCL is the national oil & gas company of Pakistan and the flagship of the country’s E&P sector. The Company is the local market leader in terms of reserves, production and acreage, and is listed on all three stock exchanges in Pakistan and also on the London Stock Exchange since December 2006. The Company is all set to ride the wave of E&P activity, equipped with its Vision & Mission, Business and Strategic Plan, a debt-free and robust balance sheet and healthy cash reserves. The Company is ready to take on the challenges of a volatile E&P industry.  

 
 
 
MOU signed between OGDCL and Transparency International Pakistan
 

Last updated: Dec 03, 2014

 

   
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