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.